Loop Capital analyst Jeffrey Stevenson raised the firm’s price target on Trex Company to $80 from $75 and keeps a Buy rating on the shares. The company’s Q2 results were “impressive” amid better-than-expected sell-through demand trends, the analyst tells investors in a research note. The firm remains positive on the stock as “the cleanest way” to play an improved composite decking demand environment given its lack of commercial exposure.
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- Trex Company price target raised to $82 from $76 at BofA
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