Weyerhaeuser price target raised to $29 from $28 at Truist

Truist raised the firm’s price target on Weyerhaeuser (WY) to $29 from $28 and keeps a Hold rating on the shares. The company’s lighter Q4 volumes were largely the result of Weyerhaeuser pulling more volume into the summer ahead of falling log pricing, the analyst tells investors in a research note. The management’s Q1 EBITDA guide of comparable q/q also largely reflects lower realizations and volumes, with Weyerhaeuser electing to defer some activity to later in the year when log pricing improves, Truist added.