Goldman Sachs Downgrades Weyerhaeuser (WY) to Neutral
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Price: $24.56 -1.05%
Rating Summary:
13 Buy, 8 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 8 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Weyerhaeuser (NYSE: WY) from Conviction Buy to Neutral with a price target of $27 relative valuation.
"We downgrade WY to Neutral (from CL-Buy) as we see less upside (6%) to our 12-month price target for WY vs. our Buy-rated names – RKT, UFS, BZ (22%, on average) – within our Paper & Forest Products coverage," the firm said.
For an analyst ratings summary and ratings history on Weyerhaeuser click here. For more ratings news on Weyerhaeuser click here.
Shares of Weyerhaeuser closed at $25.50 yesterday.
"We downgrade WY to Neutral (from CL-Buy) as we see less upside (6%) to our 12-month price target for WY vs. our Buy-rated names – RKT, UFS, BZ (22%, on average) – within our Paper & Forest Products coverage," the firm said.
For an analyst ratings summary and ratings history on Weyerhaeuser click here. For more ratings news on Weyerhaeuser click here.
Shares of Weyerhaeuser closed at $25.50 yesterday.
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