Stephens & Co. Downgrades Trex Co to Equal-Weight, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. has downgraded Trex Co (NYSE:TREX) from Overweight to Equal-Weight and lowered the price target from $115 to $72.
August 07, 2024 | 7:58 pm
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Stephens & Co. downgraded Trex Co from Overweight to Equal-Weight and reduced the price target from $115 to $72, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $115 to $72 by Stephens & Co. suggests a less favorable outlook for Trex Co. This is likely to negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100