DA Davidson keeps a Buy rating and $31 price target on Weyerhaeuser (WY) while noting that the firm is encouraged by the company’s ambitiousness of the medium-term targets outlined at its Investor Day last week. The $380M of combined uplift from Timberlands and Strategic Land Solutions would at worst increase confidence in per acre values that is currently contemplated in net asset value estimates, and more likely support upside to current views based on yield accretion, the firm stated.
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