Trex (TREX) Tops Q2 EPS by 2c; lowers guidance

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Trex (TREX) PT Lowered to $73 at DA Davidson

August 7, 2024 5:13 AM EDT

DA Davidson analyst Kurt Yinger lowered the price target on Trex (NYSE: TREX) to $73.00 (from $80.00) while maintaining a Neutral rating.

The analyst comments "Trex's 2Q24 sales fell a touch short of guidance, but the company beat earnings expectations with another solid margin showing. However,... More