Market Overview

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

Related PCL
Plum Creek and Institutional Investors to Create Joint Venture to Own, Manage and Acquire Timberlands
Benzinga's Top Upgrades

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

Sep 2015DundeeUpgradesNeutralBuy
Jul 2015DA DavidsonUpgradesNeutralBuy
Jul 2015JP MorganMaintainsOverweight

View More Analyst Ratings for PCL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Reiteration Intraday Update Analyst Ratings


Related Articles (PCL)

Get Benzinga's Newsletters