Citi analyst Anthony Pettinari lowered the firm’s price target on PotlatchDeltic (PCH) to $44 from $45 and keeps a Neutral rating on the shares. The firm updated timber real estate investment trust models to reflect reduced price and volume assumptions for logs and lumber.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCH:
- PotlatchDeltic downgraded to Sector Perform from Outperform at RBC Capital
- PotlatchDeltic Reports Q3 Earnings and Merger Plans
- PotlatchDeltic Navigates Market Challenges with Strategic Moves
- PotlatchDeltic reports Q3 adjusted EPS 36c, consensus 20c
- PCH Earnings Report this Week: Is It a Buy, Ahead of Earnings?
