B. Riley lowered the firm’s price target on Trex Company to $97 from $107 and keeps a Buy rating on the shares. Trex reported a Q2 sales mixx, but in-line EBITDA and EPS, but the issue was lower guidance for the second half of 2024, the analyst tells investors in a research note. Weaker demand for low-end products is not fully offset by strength at the high-end, the firm says.
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