Trex down after Citi cuts PT

Shares of decking and railing maker Trex TREX.N down 2.9% at $53.38

Citi Research cuts price target to $60 from $78

Citi expects TREX's volumes to be impacted by lower consumer confidence amid recent macro uncertainty, as composite decking is one of the biggest ticket items in discretionary repair and remodel

Seven of 19 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell" or lower; their median PT is $72, according to data compiled by LSEG

Up to last close, Trex stock down 20.4% YTD