Fly News Breaks for February 25, 2020
Feb 25, 2020 | 09:31 EDT
SunTrust analyst Keith Hughes raised his price target on Trex Company to $100 after its Q4 earnings beat, saying the quarter was "excellent" even though the company guided below consensus for Q1 sales. The analyst still keeps his Hold rating on the shares, noting that Trex remains capacity constrained and looking for expansion to accelerate its sales growth, while also pointing to its premium valuation. Hughes still sees 2020 as a year with better top and bottom line growth, leading to a "cleaner" 2021.
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