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Fly News Breaks for April 4, 2016
TREX
Apr 4, 2016 | 08:48 EDT
Wedbush says that its checks on Trex indicate that the company's volume trends are "strong," leaving it well-positioned to report "favorable" Q1 results. The firm adds that the company is confident it can raise its gross margin 500 basis points year-over-year in 2016. Wedbush raised its price target on the name to $50 from $45 and keeps an Outperform rating on the shares.
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