CIBC lowered the firm’s price target on Weyerhaeuser (WY) to $32 from $35 and keeps an Outperformer rating on the shares. Heading into Q1 earnings season, the firm continues to favor the plastic packaging names over wood and building products. Elevated rates are likely to continue weighing on demand and Canadian lumber companies face escalating costs later this year, 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 $30 from $33 at Truist
- 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