Baird upgraded Trex Company (TREX) to Outperform from Neutral with a price target of $75, up from $65. The firm believes the company’s “relatively stable” sell-through trends should be a positive for investor sentiment. Trex shares shares have underperformed year-to-date and the stock’s relative valuation premium is now at near multi-year lows, the analyst tells investors in a research note.
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