Stephens analyst Trey Grooms raised the firm’s price target on Trex Company to $85 from $70 and keeps an Overweight rating on the shares after the company reported “an impressive quarter” and full-year EBITDA margins were raised. The company’s Q2 results “demonstrate the improving demand backdrop and impressive margin leverage inherent” in Trex’s model, the analyst tells investors in a post-earnings note.
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