Baird analyst Timothy Wojs raised the firm’s price target on Trex Company (TREX) to $78 from $70 and keeps a Neutral rating on the shares. The firm said Q3 results exceeded Street estimates and while implied Q4 guidance is below the Street, they think sell-out trends were a bit better than feared, providing some relief.
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Read More on TREX:
- Trex Company price target lowered to $67 from $68 at Barclays
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- Trex Company reports Q3 adjusted EPS 37c, consensus 32c
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