Weyerhaeuser price target lowered to $30 from $31 at RBC Capital

RBC Capital analyst Matthew McKellar lowered the firm’s price target on Weyerhaeuser (WY) to $30 from $31 but keeps an Outperform rating on the shares after its Q3 results. Wood products markets remain under pressure from soft demand conditions, but the firm views Weyerhaeuser as being relatively well positioned in an environment with elevated softwood lumber duties and tariffs on Canadian producers, the analyst tells investors in a research note.