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Fly News Breaks for July 30, 2019
TREX
Jul 30, 2019 | 08:14 EDT
SunTrust analyst Keith Hughes raised his price target on Trex Company to $70 after its in-line Q2 earnings and higher than expected revenue along with above-consensus top-line guidance range for Q3. The analyst keeps his Hold rating given the lower than expected margins seen in both quarters however, stating that the Enhance launch by Trex comes with lower margin levels which could improve based on the management's track record.
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