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Fly News Breaks for July 30, 2019
TREX
Jul 30, 2019 | 09:16 EDT
DA Davidson analyst Kurt Yinger raised his price target on Trex Company to $87 and kept his Buy rating after its above-consensus Q3 revenue outlook. The analyst says the guidance adds visibility following a more "challenged" first half of 2019, also raising his FY19 and FY20 revenue forecasts by 4% and 6% respectively. Yinger adds that Trex Company's margins should return to more "consistent expansion" after softer 2019 second-half.