BofA raised the firm’s price target on Trex Company to $82 from $76 and keeps a Buy rating on the shares. The firm is “incrementally bullish” on Trex following Q2 earnings that were significantly above the firm’s estimates and better-than-expected Q3 revenue guidance, the analyst tells investors.
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Read More on TREX:
- Trex Products Highlighted in Livabl’s 2024 Virtual Concept Home
- Trex Company price target raised to $72 from $62 at Barclays
- Trex Company guides initial FY23 revenue view of $1.04B-$1.06B, consensus $1.05B
- Trex Company sees Q3 revenue $280M-$290M, consensus $264.2M
- Trex Company reports Q2 EPS 71c, consensus 53c