BMO Capital analyst Mark Wilde lowered the firm’s price target on Weyerhaeuser to $36 from $42 and keeps a Market Perform rating on the shares after its "in line" Q4 results. The company is facing pressure from a sharp pullback in prices, and while both lumber and OSB prices appear to have bottomed, risk/reward on the stock looks "fairly balanced" at current levels amid weaker housing demand, the analyst tells investors in a research note.
Published first on TheFly
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