Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Plum Creek Timber Co.

Related PCL
Benzinga's Top Upgrades
Top 4 NYSE Stocks In The Lumber, Wood Production Industry With The Highest Revenue

In a report published Friday, Deutsche Bank reiterated its Hold rating on Plum Creek Timber Co. (NYSE: PCL), and raised its price target from $45.00 to $48.00.

Deutsche Bank noted, “They're upbeat, we're a bit more cautious. PCL's commentary on housing and prospective uptick in sawlog prices was most optimistic of the timber REIT's we cover. Plum Creek is also expanding its non-timber income. We have high respect for PCL management, regarding them as the most disciplined public timberland manager. However, at current levels, timber bulls appear to be pricing in lots of cyclical upside. We rate the stock a Hold. Boosting PT from $45 to $48/share.”

Plum Creek Timber Co. closed on Thursday at $48.18.

Latest Ratings for PCL

Jul 2015DA DavidsonUpgradesNeutralBuy
Jul 2015JP MorganMaintainsOverweight
Apr 2015CitigroupMaintainsBuy

View More Analyst Ratings for PCL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (PCL)

Get Benzinga's Newsletters