UPDATE - UBS Downgraded Plum Creek Timber (PCL) to Sell; Still Waiting on Domestic Demand Recovery
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Price: $47.60 -0.21%
Rating Summary:
5 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS downgraded Plum Creek Timber (NYSE: PCL) from Neutral to Sell. PT maintained at $36.
UBS analyst said, "Slightly weaker than expected 4Q despite stronger volume...2012 guidance below consensus – partially on lower land basis (non cash)...Our 1Q estimate is $0.24 (guidance $0.20-0.25). They expect high $120mm land sales in 1Q (but high 60% basis). We assume sequentially-stable resource & mfg earnings...Interesting portfolio moves but market recovery will take time."
To see more ratings on PCL, Click Here
UBS analyst said, "Slightly weaker than expected 4Q despite stronger volume...2012 guidance below consensus – partially on lower land basis (non cash)...Our 1Q estimate is $0.24 (guidance $0.20-0.25). They expect high $120mm land sales in 1Q (but high 60% basis). We assume sequentially-stable resource & mfg earnings...Interesting portfolio moves but market recovery will take time."
To see more ratings on PCL, Click Here
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