Plum Creek Timber Co. (PCL) Tops Q3 EPS by 4c

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

October 28, 2014 7:41 AM EDT

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... More