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In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Weyerhaeuser (NYSE: WY), and raised the price target from $32.00 to $33.00.
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.
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In the report, Deutsche Bank noted, “Last Monday, WY made several key announcements: (1) Acqn of 645K/acres of Longview timberlands for $2.65B, (2) Appointment of Doyle Simons as President & CEO, (3) Examination of strategic options for its home building ops, and (4) A 10% increase in dividends. Based on updated SOTP. At current price levels, we think the stock is fairly valued. Maintain Hold.”
Weyerhaeuser closed on Friday at $27.42.