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UPDATE: Stifel Nicolaus Raises PT to $48 on Plum Creek Timber Company on Distribution, Yield

Related PCL
Earnings Scheduled For July 28, 2014
Plum Creek MDF Facility Resumes Full Production

Stifel Nicolaus reiterated its Buy rating on Plum Creek Timber Company (NYSE: PCL) and raised its price target from $45 to $48.

Stifel Nicolaus commented, "We are increasing our Plum Creek target price to $48 from $45. Our new target price is 18.6x our 2014 FAD estimate of $2.58 and a 3.5% dividend yield, which we think could have upside in a housing recovery as log prices and volumes recover. We reiterate our Buy rating."

Plum Creek Timber Company closed at $44.39 on Thursday.

Latest Ratings for PCL

DateFirmActionFromTo
Sep 2014JP MorganInitiates Coverage onOverweight
Sep 2014BMO CapitalInitiates Coverage onMarket Perform
Sep 2014BMO CapitalInitiates Coverage onMarket Perform

View More Analyst Ratings for PCL
View the Latest Analyst Ratings

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