JPMorgan upgraded Trex Company to Neutral from Underweight with a price target of $79, up from $62. Following a “strong rebound year” for building products, JPMorgan is less constructive and more selective towards the sector compared to its more positive stance on homebuilders. The firm favors new residential over remove and replace.
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Read More on TREX:
- Trex Company just downgraded at Barclays, here’s why
- Trex Company initiated with neutral view at Wolfe Research, here’s why
- Trex Company price target raised by $8 at Deutsche Bank, here’s why
- Trex Company price target lowered to $67 from $73 at DA Davidson
- Trex Company price target raised to $72 from $70 at BMO Capital
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