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Fly News Breaks for August 3, 2016
TREX
Aug 3, 2016 | 07:36 EDT
As noted earlier, Wedbush downgraded Trex to Neutral from Outperform. Analyst Al Kaschalk downgraded the stock based on valuation, as he believes that the stock's risk/reward ratio is now "neutral" following the shares' large advance in 2016. Target to $53 from $50.