UPDATE: BMO Capital Markets Upgrades Weyerhaeuser; Raises PT

According to a research report published today, BMO Capital Markets has upgraded Weyerhaeuser 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.