Truist lowered the firm’s price target on Weyerhaeuser (WY) to $30 from $33 and keeps a Hold rating on the shares. Multiples across the firm’s coverage have compressed in recent weeks due to concerns over tariffs and the potential for a recession from slower consumer demand, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WY:
- Weyerhaeuser price target lowered to $34 from $36 at RBC Capital
- WY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- 6 U.S. Heartland Stocks Winning Big Despite Trump’s Tariff Turmoil
- Weyerhaeuser initiated with an Overweight at JPMorgan
- Weyerhaeuser: Buy Rating Amid Timberlands Growth and Housing Market Rebound Potential