BMO Capital Maintains Market Perform on Trex Co, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ketan Mamtora maintains a Market Perform rating on Trex Co (NYSE:TREX) but lowers the price target from $88 to $82.
August 08, 2024 | 3:53 pm
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BMO Capital has maintained its Market Perform rating on Trex Co but has lowered the price target from $88 to $82.
The lowered price target from $88 to $82 suggests a less optimistic outlook for Trex Co, which could lead to a short-term negative impact on the stock price. However, the Market Perform rating indicates that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100