CIBC lowered the firm’s price target on Weyerhaeuser (WY) to $31 from $32 and keeps an Outperformer rating on the shares, citing weaker estimates following reductions to the firm’s Oriented Strand Board price deck. Despite short-term demand weakness in the Wood Products segment, the firm views Weyerhaeuser as well positioned to benefit from elevated duties on Canadian lumber, the analyst tells investors.
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