UBS Maintains a 'Sell' on Plum Creek Timber (PCL); Remained Concerned
Tweet
Share
E-mailGet Alerts PCL Hot Sheet
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
Join SI Premium – FREE
UBS maintains a 'Sell' on Plum Creek Timber (NYSE: PCL), PT lowered from $37 to $36.
UBS analyst said, "We remain cautious on Plum Creek shares. We question the sustainability of export demand and worry about a margin squeeze for West Coast sawmills. We believe the markets need a significant pickup in domestic, not export, demand. This could take time."
"The company is guiding to 2Q EPS of $0.25-0.30. Current consensus is $0.31. Our new estimate is $0.26 (was $0.28). They have maintained full-year guidance of $1.25-1.45. Our forecast remains at the low end, $1.25. We assume Western log prices moderate in the second half of the year."
For more ratings news on Plum Creek Timber click here and for the rating history of Plum Creek Timber click here.
Shares of Plum Creek Timber closed at $42.89 yesterday.
UBS analyst said, "We remain cautious on Plum Creek shares. We question the sustainability of export demand and worry about a margin squeeze for West Coast sawmills. We believe the markets need a significant pickup in domestic, not export, demand. This could take time."
"The company is guiding to 2Q EPS of $0.25-0.30. Current consensus is $0.31. Our new estimate is $0.26 (was $0.28). They have maintained full-year guidance of $1.25-1.45. Our forecast remains at the low end, $1.25. We assume Western log prices moderate in the second half of the year."
For more ratings news on Plum Creek Timber click here and for the rating history of Plum Creek Timber click here.
Shares of Plum Creek Timber closed at $42.89 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
