Trex Company price target lowered to $75 from $90 at Truist

Truist analyst Keith Hughes lowered the firm’s price target on Trex Company (TREX) to $75 from $90 and keeps a Buy rating on the shares. The company’s results came slightly above the Street views and the management kept the bulk of its views for the year intact, though the continued smoothing out of results will likely make the rest of the year rather lumpy, the analyst tells investors in a research note. Sell through at Trex remains higher than a weak remodel market that the firm expects to continue for the rest of 2025, Truist added.