** Citigroup reduces price target on timber companies to reflect a more conservative outlook on lumber and log prices
** Says lumber prices has drifted lower since the beginning of April with dealers working down inventories built in anticipation of Canadian tariffs that did not ultimately materialize on Liberation Day
Brokerage changes PT on the following companies:
Company | New PT | Old PT | Upside to stock's last close |
PotlatchDeltic Corp PCH.O | $47 | $49 | 19.5% |
Rayonier Inc RYN.N | $26 | $27 | 9.7% |
Weyerhaeuser Co WY.N | $31 | $35 | 19.6% |
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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