BofA/Merrill Lynch Downgrades Plum Creek Timber (PCL) to Neutral

BofA/Merrill Lynch downgraded Plum Creek Timber (NYSE: PCL) from Buy to Neutral with a price target of $44.00 (from $45.00) following Q3 results.

Analyst George Staphos said they see the recovery of fundamentals being pushed out further following the results.

The firm adjusted FY 2014 EPS from $1.08 to $1.14, FY 2015 EPS from $1.35 to $1.27 and FY 2016 EPS from $1.60 to $1.50.

For an analyst ratings summary and ratings history on Plum Creek Timber click here. For more ratings news on Plum Creek Timber click here.

Shares of Plum Creek Timber closed at $41.35 yesterday.

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