Citigroup lowers PT on timber companies as lumber prices come under pressure

Rayonier

02/06/2025 11:48

** 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;))