Truist lowered the firm’s price target on PotlatchDeltic to $50 from $55 and keeps a Hold rating on the shares. The analyst cites the company’s Q3 earnings miss as Wood Products and Timberlands fell short of Truist expectations, though Real Estate was better. Truist added that PotlatchDeltic’s EBITDDA is likely to decline sequentially in Q4 due to higher lumber and indexed sawlog prices.
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