NYSE:TREXBuilding
Did Jefferies’ Upgrade and Undervaluation Thesis Just Shift Trex Company’s (TREX) Investment Narrative?
Recently, Jefferies upgraded Trex Company to Buy, arguing that the market reaction to softer results has pushed the decking maker’s valuation below what its profitability and market position might warrant.
The upgrade spotlights Trex’s reinvestment in marketing, distribution partnerships, and eco-focused composite decking as potential levers to win share from smaller rivals despite industry softness.
We’ll now explore how Jefferies’ emphasis on Trex’s perceived undervaluation and market...