PotlatchDeltic downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded PotlatchDeltic to Sector Perform from Outperform with an unchanged price target of $55. The analyst continues to think Potlatch is a well positioned company against a backdrop of strong interest in North American timberlands. However, the firm sees better relatively opportunities in its coverage space as the stock’s performance year-to-date has been ahead of its timber real estate investment trust peers. RBC sees limited upside in shares of PotlatchDeltic.