Weyerhaeuser price target lowered to $36 from $37 at DA Davidson

DA Davidson lowered the firm’s price target on Weyerhaeuser to $36 from $37 and keeps a Buy rating on the shares. The stock traded higher after its Q2 results alongside other housing levered building product names despite a largely in-line quarter and an outlook that’s likely to drive Q3 consensus estimates lower, the analyst tells investors in a research note.