DA Davidson analyst Kurt Yinger lowered the firm’s price target on Trex Company (TREX) to $45 from $60 and keeps a Neutral rating on the shares after its Q3 earnings miss. The company has reset expectations on several fronts, including a lowered FY sales guide and commentary that suggests lower 2026 gross margins and higher sustained branding/marketing and SG&A spend, the analyst tells investors in a research note. The firm further notes that overarching concerns around competition are exacerbating the decline in the stock price.
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Read More on TREX:
- Trex Company price target lowered to $40 from $80 at Benchmark
- Trex Company price target lowered to $63 from $73 at Goldman Sachs
- Trex Company downgraded to Neutral from Outperform at Zelman
- Trex Company price target lowered to $35 from $54 at Barclays
- Trex Company downgraded to Underperform from Buy at BofA