Weyerhaeuser price target raised to $39 from $37 at Citi

Citi analyst Anthony Pettinari raised the firm’s price target on Weyerhaeuser to $39 from $37 and keeps a Buy rating on the shares. The company confirmed January wood products demand was tracking a bit better than expected on its Q4 earnings call, the analyst tells investors in a research note. The firm believes the lumber market is stabilizing.