PotlatchDeltic price target raised to $54 from $53 at DA Davidson

DA Davidson analyst Kurt Yinger raised the firm’s price target on PotlatchDeltic (PCH) to $54 from $53 and keeps a Buy rating on the shares. The stock traded down slightly on the day despite the company’s strong Q4 performance, which was particularly encouraging as it relates to Wood Products segment cost performance, the analyst tells investors in a research note. In an environment where plenty of question marks remain around underlying housing activity, the discrete supply and cost dynamics within the lumber industry can drive an improved pricing environment in 2025, the firm added.