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UPDATE: Stifel Upgrades Trex Company

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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
Apr 2015WedbushInitiates Coverage onNeutral
Apr 2015SunTrust Robinson HumphreyDowngradesBuyNeutral
Feb 2015Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for TREX
View the Latest Analyst Ratings

Posted-In: John Baugh StifelUpgrades Price Target Analyst Ratings

 

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