Weyerhaeuser price target raised to $40 from $35 at DA Davidson

DA Davidson raised the firm’s price target on Weyerhaeuser to $40 from $35 and keeps a Buy rating on the shares. The additional upside in lumber prices, further progress on Natural Climate Solutions opportunities, and stable Timberland contributions can help narrow the gap at which shares are trading relative to the firm’s net asset value estimate which offers an 18% discount at current price, the analyst tells investors in a research note.