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UPDATE: Stifel Upgrades Trex Company

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Trex Gets A Downgrade From Wedbush, As Share Price Exceeds Price Target

In a report released Tuesday, Stifel analyst John Baugh upgraded Trex Company (NYSE: TREX) from Hold to Buy with a $37 price target.

Analysts at Stifel believe Trex will benefit from the sale of recycled polyethylene to the commercial marketplace, contributing to EPS growth. The Stifel note stated that Trex exposure to residential new homes is projected to provide double-digit growth.

Stifel's $37 price target is based on a mid-2015 EBIT projection between $15 to $20 million.

Latest Ratings for TREX

DateFirmActionFromTo
Nov 2016Seaport GlobalInitiates Coverage OnNeutral
Nov 2016FBR CapitalDowngradesOutperformMarket Perform
Aug 2016WedbushDowngradesOutperformNeutral

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Posted-In: John Baugh StifelUpgrades Price Target Analyst Ratings

 

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