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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Shares of Weyerhaeuser declined to about $22 in January, rebounded to $32 in April, fell to about $27 with the Brexit decision and rebounded to about $33 on Friday. Weyerhaeuser shares closed Friday's session at $32.88.
"With WY stock essentially at our target, we are downgrading from Buy to NEUTRAL," analyst Steven Chercover wrote in a note.
However, the analyst trimmed his FY16 EPS estimate by $0.09 to $0.53 due to a higher than anticipated full year share count and the elimination of the residual contribution from the paper segment that offsets a higher contribution from wood. That said, the FY17 estimates go up $0.02 to $1.01, thanks to the full year benefit of higher Wood Products earnings.
"The accuracy of estimates could be challenged until the PCL deal is 'anniversaried'; the basis of land sales moves around, not to mention the volatility associated with the lumber and panel business," Chercover noted.
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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.