DA Davidson analyst Kurt Yinger raised his price target on Trex Company to $102 and kept his Buy rating after its "mixed" Q3 results, with a miss in revenue and a beat on earnings and margins. The analyst also notes that the company's outlook for Q4 is in line with consensus, which suggests another quarter of "robust" revenue growth in its Residential segment. Yinger adds that he remains "encouraged" by the management's forecast of cost pressure being offset with new capacity and also maintains a positive view on Trex's "above-average growth and margin profile" in the building products space.