RBC Capital raised the firm’s price target on Weyerhaeuser to $39 from $38 and keeps an Outperform rating on the shares. The firm remains positive on the company’s complementary high-quality timberlands portfolio and competitive wood products business, adding that a stronger demand environment for wood products could be a catalyst for Weyerhaeuser in 2024.
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Read More on WY:
- Weyerhaeuser management to meet virtually with Seaport Research
- Weyerhaeuser management to meet with Seaport Research
- Weyerhaeuser purchases timberlands in Southern U.S.
- Weyerhaeuser downgraded to Market Perform from Strong Buy at Raymond James
- Weyerhaeuser Company Declares Dividend on Common Shares
