Trex Company price target raised to $93 from $86 at Barclays

Barclays raised the firm’s price target on Trex Company to $93 from $86 and keeps an Underweight rating on the shares as part of a Q1 earnings preview for the homebuilding and building products group. The firm says select names with earnings revision momentum are best positioned, mainly in secular building products and distribution. Homebuilders may not see positive earnings revisions given already-high expectations, but any weakness should be bought, the analyst tells investors in a research note.