Barclays lowered the firm’s price target on Trex Company (TREX) to $67 from $68 and keeps an Underweight rating on the shares. The firm sees a “possible relief rally” today post the earnings report on lower startup costs in 2025, but says this quarter may not be the “clearing event” that many were looking for with several optimistic assumptions around 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TREX: