Benchmark Maintains Buy on Trex Co, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Reuben Garner maintains a Buy rating on Trex Co (NYSE:TREX) but lowers the price target from $105 to $80.
August 08, 2024 | 3:52 pm
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Benchmark analyst Reuben Garner maintains a Buy rating on Trex Co (NYSE:TREX) but lowers the price target from $105 to $80.
The Buy rating suggests continued confidence in Trex Co's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100