0824 ET - Trex's railing initiative can help its growth profile down the line, but a better repair and remodel landscape next year remains the main driver of potential upside, says Truist's Keith Hughes in a research note. The maker of composite decking has expanded its railing offering in an attempt to increase attachment rates with its core decking product; the analyst believes the attachment rate has been very low for many years. Hughes notes that most distributors have agreed to Trex's mandate that they carry the entire railing line. "We believe this will take time but see potential for at least a LSD add to growth in 2025," the analyst says. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
December 16, 2024 08:24 ET (13:24 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。