Trex Company price target lowered to $67 from $68 at Barclays

Barclays lowered the firm’s price target on Trex Company (TREX) to $67 from $68 and keeps an Underweight rating on the shares. The firm sees a “possible relief rally” today post the earnings report on lower startup costs in 2025, but says this quarter may not be the “clearing event” that many were looking for with several optimistic assumptions around 2025.