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Fly News Breaks for August 6, 2019
TREX
Aug 6, 2019 | 08:58 EDT
As previously reported, Sidoti analyst Frank Camma downgraded Trex Company to Neutral from Buy, citing valuation with the shares up 34% year-to-date and approaching his unchanged price target of $84. Trex's production issues seem largely in the past, but its products are "clearly discretionary" and he worries that demand could slow if consumer confidence weakens and the renovation market stalls, Camma tells investors.
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