PotlatchDeltic price target lowered to $48 from $52 at RBC Capital

RBC Capital analyst Paul Quinn lowered the firm’s price target on PotlatchDeltic to $48 from $52 and keeps a Sector Perform rating on the shares. The firm maintains that Potlatch is a well positioned company against a backdrop of strong interest in North American timberlands and likes the company’s messaging around being nimble and thoughtful with capital allocation, but it also sees “better opportunities” given the stock’s year-to-date outperformance, the analyst tells investors in a research note.