UPDATE: RBC Capital Upgrades Weyerhaeuser (WY) to Outperform
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Price: $24.62 +4.28%
Rating Summary:
13 Buy, 8 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
13 Buy, 8 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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(Updated - June 10, 2013 9:10 AM EDT)
RBC Capital upgraded Weyerhaeuser (NYSE: WY) from Sector Perform to Outperform with a price target of $34 (from $31). Analyst Paul Quinn noted the company's exposure to the recovery in U.S. housing. Additionally, he thinks lumber prices will recover in the fall. He also noted OSB prices are 30% above trend.
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 $29.03 yesterday.
RBC Capital upgraded Weyerhaeuser (NYSE: WY) from Sector Perform to Outperform with a price target of $34 (from $31). Analyst Paul Quinn noted the company's exposure to the recovery in U.S. housing. Additionally, he thinks lumber prices will recover in the fall. He also noted OSB prices are 30% above trend.
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 $29.03 yesterday.
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