Market Overview

UPDATE: Stifel Nicolaus Raises PT to $48 on Plum Creek Timber Company on Distribution, Yield

Related PCL
Index Shuffling: Concho Resources To Replace Plum Creek Timber In The S&P 500 Index
Independent Proxy Advisory Firm Recommends Plum Creek Shareholders Approve A Pending Merger With Weyerhaeuser Company

Stifel Nicolaus reiterated its Buy rating on Plum Creek Timber Company (NYSE: PCL) and raised its price target from $45 to $48.

Stifel Nicolaus commented, "We are increasing our Plum Creek target price to $48 from $45. Our new target price is 18.6x our 2014 FAD estimate of $2.58 and a 3.5% dividend yield, which we think could have upside in a housing recovery as log prices and volumes recover. We reiterate our Buy rating."

Plum Creek Timber Company closed at $44.39 on Thursday.

Latest Ratings for PCL

Nov 2015RBC CapitalUpgradesSector PerformOutperform
Nov 2015JP MorganDowngradesOverweightNeutral
Oct 2015Bank of AmericaDowngradesNeutralUnderperform

View More Analyst Ratings for PCL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Reiteration Intraday Update Analyst Ratings


Related Articles (PCL)

View Comments and Join the Discussion!

Partner Center