Trex (TREX) PT Lowered to $71 at Jefferies

Jefferies analyst Philip Ng lowered the price target on Trex (NYSE: TREX) to $71.00 (from $81.00) while maintaining a Hold rating.

The analyst comments "TREX reported an impressive beat on topline & margins, with sell out trends accelerating in 4Q. The company is guiding to 5-7% sales growth in 2025 off a flat R&R mkt, which is impressive, and TREX expects a less noisy 2025 by managing the channel infill more conservatively & movement in distribution should normalize. Mgmt is bullish on the opportunities from new products & share gains in railing."

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