Citi analyst Anthony Pettinari upgraded CatchMark Timber (CTT) to Buy from Neutral while lowering his price target for the shares to $10 from $10.50. Timber real estate investment trusts sharply underperformed the REIT index and S&P 500 in 2018 on a slowdown in housing starts, falling lumber prices, timberland valuation concerns, and China trade fears, Pettinari tells investors in a research note. The analyst expects softness in lumber and logs to continue in 2019. However, with estimates reset, the stocks are trading at levels that have historically provided an entry point for outperformance, Pettinari says. He finds CatchMark Timber attractive following the 11% drop in shares since his November 2018 initiation. Weyerhaeuser (WY) remains the analyst's favorite name.