DA Davidson analyst Kurt Yinger raised the firm’s price target on Weyerhaeuser to $37 from $36 and keeps a Buy rating on the shares. The company reported a “modest” beat and its Q1 outlook likely drives consensus numbers lower, though the firm also notes that OSB and EWP contributions have held up the Wood Products segment in recent quarters, and it also expects lumber to find its footing with a combination of improved new residential demand and additional mill curtailments and closures, the analyst tells investors in a research note.
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