** 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
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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