Trex Downgraded

Shares of Trex (TREX) are down sharply today. Timothy Wojs, an analyst at Robert W. Baird, lowered Trex from Outperform to Neutral. He also lowered his target price to $108 per share. The downgrade was due to supply issues. Trex has been down as much as 9% today.

Trex hasn’t said when it will report earnings, but going by previous years, the report will probably be out in early November. Wall Street expects earnings of 58 cents per share.

Posted by on October 12th, 2021 at 1:28 pm


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