DA Davidson analyst Kurt Yinger kept his Buy rating and $79 price target on Trex Company (TREX), saying the recent Q1 results from Home Depot (HD) highlighted a "healthy" underlying repair and remodel market with "solid" comps in April recovering from weather related constraints. The analyst expects production issues to weigh on Trex's first half but believes that the back half of 2019 and 2020 will be strong. Yinger cites the "underlying repair and remodel demand/spend", the shifting trend in deck repair to composite from wood, and the company's ability to gain market share with shelf space wins at Lowe's (LOW) along with "expanded stocking positions within the dealer channel."

Erste Group downgraded Home Depot to Hold from Buy.