Trex Company price target lowered to $71 from $76 at Loop Capital

Loop Capital lowered the firm’s price target on Trex Company (TREX) to $71 from $76 and keeps a Hold rating on the shares. The company’s Q4 results topped estimates but its guidance for the first half of 2025 was lighter than expected, the analyst tells investors in a research note. The firm remains at neutral pending better visibility into the key Spring selling season, though it was encouraged that sell through demand fundamentals remained healthy, including a pickup in low-end retail-based products, Loop adds.