UPDATE: BMO Capital Starts Potlatch (PCH) at Market Perform

October 13, 2016 7:24 AM EDT
Get Alerts PCH Hot Sheet
Price: $42.80 +2.76%

Rating Summary:
    2 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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(Updated - October 13, 2016 8:25 AM EDT)

BMO Capital initiated coverage on Potlatch (NASDAQ: PCH) with a Market Perform rating and a price target of $36. Analyst Ketan Mamtora isn't comfortable with valuation.

"There is EBITDA upside from a recovery in U.S. housing and southern sawlog prices. However, it is hard to get comfortable with a $2,000/acre valuation on PCH’s Northern Idaho as well as its southern lands. We’ve purposefully taken a cautious view of NAV and come up with a $40/share value. Our $36 price target is based on a 10% discount to our NAV," said Mamtora.

For an analyst ratings summary and ratings history on Potlatch click here. For more ratings news on Potlatch click here.

Shares of Potlatch closed at $38.96 yesterday.



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