Trex Company ( (TREX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Trex Company’s stock movement is influenced by a recent upgrade from Baird, which shifted its rating from Neutral to Outperform. This positive change is due to Trex’s stable sell-through trends and a reaffirmed revenue growth outlook for FY25. The analyst highlighted that Trex shares have underperformed this year, resulting in a valuation premium near multi-year lows, indicating a potential turnaround. Additionally, the price target was increased from $65 to $75, reflecting the improved sentiment.
More about Trex Company
YTD Price Performance: -11.71%
Average Trading Volume: 1,538,476
Technical Sentiment Signal: Sell
Current Market Cap: $6.29B
For further insights into TREX stock on TipRanks’ Stock Analysis page.
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