Citi lowered the firm’s price target on Trex Company (TREX) to $60 from $78 and keeps a Neutral rating on the shares. The firm reduced fiscal 2025 EBITDA estimates to reflect weaker demand. Composite decking is one of the biggest ticket items in discretionary repair and remodel, and volumes will be impacted by lower consumer confidence amid recent macro uncertainty, the analyst tells investors in a research note.
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