BofA analyst Rafe Jadrosich lowered the firm’s price target on Trex Company (TREX) to $67 from $79 and keeps a Buy rating on the shares. The firm lowered 2025 and 2026 forecasts for the building products names under its coverage by about 4% and 6%, respectively, on average to reflect weaker renovation and remodel spending, slower new construction and potential tariffs impacts, noting that it also lowered price targets among the group by about 17% on average.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TREX:
- Trex Company price target lowered to $62 from $71 at Loop Capital
- Trex Company upgraded to Outperform from Market Perform at BMO Capital
- Trex Company price target lowered to $60 from $78 at Citi
- Trex Company price target lowered to $54 from $67 at Barclays
- Trex, Griffon among top picks as Deutsche covers building products
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue