Wolfe Research analyst Truman Patterson initiated coverage of Trex Company with a Peer Perform rating and no price target. The analyst expects Trex’s revenue and EBITDA growth to outpace its building products peers over the next several years. However, Trex’s elevated valuation and capital expenditure spend versus the group keeps the firm on the sidelines.
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Read More on TREX:
- Trex Company price target raised by $8 at Deutsche Bank, here’s why
- Trex Company price target lowered to $67 from $73 at DA Davidson
- Trex Company price target raised to $72 from $70 at BMO Capital
- Trex Company raises FY23 revenue view to $1.09B from $1.04B-$1.06B
- Trex Company sees Q4 revenue $185M-$195M, consensus $187.5M