BofA raised the firm’s price target on Trex Company (TREX) to $85 from $80 and keeps a Buy rating on the shares. On average, the firm is raising price targets by about 3% among its building product and distributor stock coverage, noting that in 2025 it expects repair and remodel spending to improve and new construction to slow compared to 2024.
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Read More on TREX:
- Trex Company price target raised to $76 from $72 at Loop Capital
- Trex Company price target lowered to $78 from $84 at Citi
- Trex expands distribution with IWP in Northern California and Northern Nevada
- Trex teams with Weyerhaeuser to expand distribution across U.S. Southwest
- Trex Company management to meet with Truist