Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, D.A. Davidson analyst Steven Chercover upgraded the rating on Plum Creek Timber (NYSE: PCL) from Underperform to Neutral, and reiterated the $47.00 price target.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
In the report, D.A. Davidson noted, “Shares of Plum Creek (and all the Timber REITs) have come under pressure over the past month, as talk of Quantitative Easing tapering has combined with the stark drop in wood market pricing. Since our downgrade on April 30th, Plum Creek shares have fallen 12%. We think it's time to revisit our recommendation given the stock has fallen below our $47 price target (which reflects our estimate of NAV). We are upgrading the shares from Underperform to NEUTRAL.”
Plum Creek Timber closed on Wednesday at $45.23.