Trex Company price target lowered to $90 from $100 at Truist

Truist lowered the firm’s price target on Trex Company (TREX) to $90 from $100 but keeps a Buy rating on the shares. The company’s results came in well above Street views as EBITDA for 2024 approached levels expected prior to August guidance cut, and the FY25 outlook was about as the Street expected with mid single digit revenue growth from decking sell through and the new railing launch, the analyst tells investors in a research note.