BofA analyst Rafe Jadrosich raised the firm’s price target on Trex Company to $105 from $103 and keeps a Buy rating on the shares after the company reported adjusted EPS roughly in-line with the firm’s forecast and ahead of consensus. The firm, which thinks the company’s full year revenue guidance is “conservative,” slightly lower its “above consensus” 2024 EPS view by 2%, but raised its 2025 EPS forecast by 2%.
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