PotlatchDeltic (PCH) Tops Q1 EPS by 18c, Revenues Beat
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Raymond James Upgrades Weyerhaeuser (WY) to a 'Strong Buy' and Raises PotlatchDeltic (PCH) Estimates on Surging Lumber Prices That Are Likely to Stay Very High
April 26, 2021 8:24 AM EDTRaymond James analyst Buck Horne has moved to upgrade Weyerhaeuser (NYSE: WY) to "Strong Buy" with a new price target of $50.00 per share (up from $37.00) amid soaring lumber prices.
The latest data coming from the homebuilding sector shows an "insatiable" demand for single-family housing, which translates into an extremely strong demand for lumber.
Double-digit year-over-year home price increases are more than offsetting incremental lumber costs, Horne says in todays note sent to clients. Ultimately, builders are passing through the costs to customers so successfully that FY21 gross margin outlooks are still expanding.... More
Potlatch (PCH) PT Raised to $79 at Raymond James
April 26, 2021 8:18 AM EDTRaymond James analyst Buck Horne raised the price target on Potlatch (NASDAQ: PCH) to $79.00 (from $61.00) while maintaining a Strong Buy rating.
... MoreUPDATE: Raymond James Upgrades Weyerhaeuser (WY) to Strong Buy on Soaring Lumber Prices
April 26, 2021 6:59 AM EDT(Updated - April 26, 2021 7:19 AM EDT)
Raymond James analyst Buck Horne upgraded Weyerhaeuser (NYSE: WY) from Outperform to Strong Buy with a $50 price target on soaring lumber prices. The analyst also designating Strong Buy-rated PotlatchDeltic (NYSE: PCH) as... More
