Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Weyerhaeuser Company

Related WY
US Stock Futures Signal Higher Start On Wall Street
UPDATE: Weyerhaeuser Q3 Profit Beats Estimates
Home Improvement Stocks Tumble (Fox Business)

In a report published Monday, Deutsche Bank reiterated its Hold rating on Weyerhaeuser Company (NYSE: WY), and raised its price target from $28.00 to $32.00.

Deutsche Bank noted, “US housing is showing clear signs of a rebound. The gains have begun showing in WY's Wood Products & Real Estate segments. In contrast, we've yet to see any evidence of uptick in southern sawlog prices. Away from housing, the dynamics in WY's pulp business remains soft. WY has great assets. The question is whether it can deliver great results. Barring more aggressive assumptions in Wood Products & R/E or further corporate restructuring, it is hard for us to argue value beyond low $30s. We are maintaining our Hold rating, raising PT from $28 to $32.”

Weyerhaeuser Company closed on Friday at $30.95.

Latest Ratings for WY

DateFirmActionFromTo
Nov 2014CitigroupMaintainsBuy
Nov 2014DA DavidsonMaintainsBuy
Sep 2014JP MorganInitiates Coverage onNeutral

View More Analyst Ratings for WY
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (WY)

Around the Web, We're Loving...

Get Benzinga's Newsletters