Citi lowered the firm’s price target on Weyerhaeuser (WY) to $26 from $28 and keeps a Buy rating on the shares. The firm updated timber real estate investment trust models to reflect reduced price and volume assumptions for logs and lumber.
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Read More on WY:
- Weyerhaeuser’s Earnings Call: Mixed Results Amid Market Challenges
- Weyerhaeuser price target lowered to $30 from $31 at RBC Capital
- Weyerhaeuser price target lowered to $31 from $35 at DA Davidson
- Weyerhaeuser completed two acquisitions totaling $459M in Q3
- Weyerhaeuser reports Q3 ex-items EPS 6c, consensus (8c)