Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBofA Upgrades Potlatch to Buy, Shares Rise 4 percent

BofA Upgrades Potlatch to Buy, Shares Rise 4 percent

Add to Favorite
Added to Favorite


PotlatchDeltic (NASDAQ:PCH) shares rose more than 4% intra-day today after BofA Securities analysts upgraded the company to Buy from Neutral, raising the price target to $51 from $49.
The analysts pointed to PotlatchDeltic’s over 20% underperformance year-to-date as a key factor in the upgrade, noting that while near-term fundamental catalysts may be limited, the stock offers more than 20% upside potential. The analysts highlighted that lumber prices, which have been at a cyclical low, present an opportunity for future growth. Factors such as industry capacity cuts, tariffs, and cost-curve support could lead to a rebound in lumber pricing, which directly benefits PotlatchDeltic’s results. The analysts noted that for every $50 per thousand board feet (mbf) increase in lumber prices, PotlatchDeltic’s EBITDA could rise by approximately 25%, which would also positively impact timber pricing in regions like Idaho, where prices are tied to lumber trends.
Additionally, PotlatchDeltic is expected to see improved lumber margins due to its favorable cost structure, particularly following the expansion of its Waldo mill, which is projected to add about 85 million board feet of capacity. This gives the company a stronger competitive position in the lumber market moving forward.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Phillips 66 (NYSE:PSX) Rating and Price Target Update by Wells Fargo

Wells Fargo maintains an "Overweight" rating on Phillips 66...

KinderCare Learning Companies, Inc. IPO on the New York Stock Exchange

KinderCare, the largest private provider of early childhood education...