Deutsche Bank Downgrades Weyerhaeuser (WY) to Sell; Outlook is Deteriorating in Most Business Segments

Deutsche Bank downgraded Weyerhaeuser (NYSE: WY) from Hold to Sell. PT lowered from $24 to $19

Deutsche analyst says, "Our call is driven by two factors. First, evidence is mounting of a downward correction in West Coast log mkts. The second issue is the growing evidence that 2011 will represent another “lost year” for WY’s RE and WP divisions. Depending on how rough mkts get as we move through the summer and into the autumn, the stock could even trade a bit lower as ST investors trim positions. The stock has been heavily promoted in recent months by “timber bulls” and driven by the big gains in Chinese export volumes."

For more ratings news on Weyerhaeuser click here and for the rating history of Weyerhaeuser click here.

Shares of Weyerhaeuser closed at $22.07 yesterday.

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