JP Morgan Maintains Neutral on Trex Co, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut maintains a Neutral rating on Trex Co (NYSE:TREX) but lowers the price target from $95 to $69.
August 12, 2024 | 2:43 pm
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JP Morgan analyst Michael Rehaut maintains a Neutral rating on Trex Co (NYSE:TREX) but lowers the price target from $95 to $69.
The lowered price target from $95 to $69 by JP Morgan suggests a less optimistic outlook for Trex Co, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100