D.A. Davidson cuts Trex target price, flags soft decking demand

Trex

09/10/2025 12:23

** D.A. Davidson trims PT on decking and railing maker Trex TREX.N to $60 from $65; keeps "neutral" rating

** Brokerage sees limited upside for co in 2H25, citing soft demand for decking

** Notes Trex's new heat-mitigating tech may help in 2026, but won't boost near-term sales much

** Cuts 2025 EPS forecast to $2.18 from $2.19

** Meanwhile, Stifel initiates coverage with "buy"; PT $61

** Stifel sees co as strong player with long-term growth, helped by more people switching from wood to composite, better cash flow

** 9 of 20 brokerages rate stock "buy" or higher, 10 "hold" and one "sell;" median PT $69 - data compiled by LSEG

** At last close, stock at $53.57; down 22.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))