RBC Capital lowered the firm’s price target on Weyerhaeuser to $37 from $38 but keeps an Outperform rating on the shares after its Q1 results and guidance. The firm states that it remains positive on the company’s complementary high-quality timberlands portfolio and competitive wood products business, also noting that Weyerhaeuser should benefit from a tightening lumber market as 2024 progresses.
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