UPDATE: BMO Capital Markets Upgrades Weyerhaeuser; Raises PT
According to a research report published today, BMO Capital Markets has upgraded Weyerhaeuser (NYSE: WY) to a Market Perform rating, and has increased PT from $20 to $23.
In the report, BMO Capital Markets said, “We are raising our Weyerhaeuser (WY) estimates to reflect our expected recovery in the Chinese log market in H2/2012 following cuts in interest rates and improved money supply for smaller businesses and continued improving U.S. economic news.”
Weyerhaeuser is currently trading at $21.22.
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