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Fly News Breaks for December 23, 2019
Dec 23, 2019 | 05:38 EDT
Stifel analyst John Baugh raised his price target for Trex Company to $99 from $95 and keeps a Buy rating on the shares after visiting with management and reaching out to industry trade contacts. Demand for composite decking has remained strong well into the fourth quarter, Baugh tells investors in a research note. As such, the analyst raised his 2020 estimates slightly for Trex saying "some growth and margin fears have diminished."
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