Trex upgraded, Builders FirstSource downgraded by Jefferies
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Jefferies upgraded Trex (TREX) to Buy and downgraded Builders FirstSource (BLDR) to Hold, citing a sluggish start but improving conditions in U.S. residential construction in 2026. Trex was upgraded due to a share-price pullback and increased marketing efforts, while Builders FirstSource was downgraded due to softer demand and competition. Jefferies also expressed positive views on infrastructure and heavy commercial construction, highlighting companies like Martin Marietta, Vulcan Materials, Ferguson, and TopBuild.
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