CIBC analyst Hamir Patel raised the firm’s price target on Weyerhaeuser (WY) to $28 from $27 and keeps an Outperformer rating on the shares following the company’s Investor Day in New York on Thursday. The firm cites higher medium- to long-term free cash flow assumptions in its discounted cash flow, including increased expectations for Climate Solutions contributions and lumber production. Weyerhaeuser unveiled encouraging financial targets to 2030, outlining a wide range of growth strategies in Timberlands, Wood Products and Strategic Land Solutions, CIBC says. The firm believes these initiatives will keep the company firmly positioned as the lowest-cost producer across its end-markets.
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