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Fly News Breaks for October 30, 2018
TREX
Oct 30, 2018 | 09:26 EDT
SunTrust analyst Keith Hughes lowered his price target on Trex Company to $58 and kept his Hold rating, saying the "weak guidance" related to the company's core residential business will pressure the stock. The analyst further notes the management's discussing of a "pause in ordering due to distributor timing hurting results", even though the company still expects the end user order patterns to remain "up double digits".
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