B. Riley raised the firm’s price target on Trex Company (TREX) to $57 from $50 and keeps a Buy rating on the shares. The company reported a “significant” Q3 miss but current share levels “represent an attractive 2:1+ risk/reward” given Trex’s “best-in-class brand trading at a relatively distressed valuation,” the analyst tells investors in a research note.
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Read More on TREX:
- Trex Company price target lowered to $45 from $60 at DA Davidson
- 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