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Fly News Breaks for May 7, 2018
PCH
May 7, 2018 | 06:14 EDT
As noted earlier, DA Davidson analyst Steven Chercover upgraded PotlatchDeltic to Neutral from Underperform and raised his price target to $52 from $50. The analyst cites continued rise in lumber prices, a strong start to the integration of Deltic business, and a potentially attractive entry point with the stock price having dropped 5% after the company's Q1 results. Chercover adds that PotlatchDeltic is now trading at a slight discount relative to its peers as it heads into a period of seasonally stronger demand.
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