From Financial Modeling Prep: 2025-04-09 12:48:00

DA Davidson maintained a Neutral rating on Trex Company (NYSE:TREX) while reducing its price target to $60 due to a cooling demand environment for decking projects. First-quarter project activity grew 2% year-over-year, down from 3% in previous quarters. Expectations for growth have decreased, with full-year projections dropping from 9% to 4%.

Political and economic uncertainty is causing homeowners to hesitate on outdoor renovation projects, impacting consumer confidence. Concerns are rising about demand during the critical spring and summer months, which are crucial for Trex’s sales. DA Davidson sees limited near-term catalysts for the stock and believes the revised price target reflects the company’s tempered growth trajectory.



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