PotlatchDeltic price target lowered to $49 from $51 at Truist

Truist analyst Michael Roxland lowered the firm’s price target on PotlatchDeltic to $49 from $51 and keeps a Hold rating on the shares after its Q4 results. The company’s Wood Products missed the firm’s expectations, while Real Estate and Timberlands were better, the analyst tells investors in a research note. Single-family housing starts are poised to increase, but the company will experience greater earnings and stock price momentum later in the single-family housing recovery due to its more diversified business model, the firm added.