Goldman Sachs Removed Weyerhaeuser Co. (WY) from its Conviction Buy List

Goldman Sachs removed Weyerhaeuser Co. (NYSE: WY) from its Conviction Buy List. The firm maintains a Buy rating on the stock. The firm cited the recent rally in mortgage rates and near-term implications for U.S. housing and lack of significant seasonal upturn in lumber prices.

Weyerhaeuser Company grows and harvests trees, builds homes, and manufactures forest products worldwide.

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