As previously reported, DA Davidson analyst Kurt Yinger upgraded Trex Company (TREX) to Buy from Neutral with a price target of $50, up from $45. The firm contends that concerns around pricing, competition, and market share are “overly discounted”. Trex is making the necessary moves to better protect their leading position in the composite decking category, which with a supportive trajectory in material conversion can support above-market top-line growth and still enviable margins, the analyst tells investors in a research note.
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Read More on TREX:
- Trex Company upgraded to Buy from Neutral at DA Davidson
- Trex Company price target raised to $48 from $38 at Baird
- Trex Company upgraded to Outperform from Peer Perform at Wolfe Research
- Trex Company upgraded to Buy from Neutral at UBS
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