Loop upgrades Trex to Buy with share loss concerns overblown

Loop Capital analyst Jeffrey Stevenson upgraded Trex Company (TREX) to Buy from Hold with a price target of $53, up from $45, following the Q4 report. The company’s previous concerns that repair and remodel demand would further deteriorate after a challenging Q3 did not materialize, while leading demand indicators and contractor expectations remain positive, the analyst tells investors in a research note. Loop believes share loss concerns around Trex are overblown. The company offers an “attractive rebound opportunity after a challenging 2025,” contends the firm.