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Fly News Breaks for May 7, 2018
PCH
May 7, 2018 | 07:18 EDT
As reported earlier, RBC Capital analyst Paul Quinn upgraded PotlatchDeltic to Outperform from Sector Perform and raised his price target to $57 from $55. The analyst expects "record setting" lumber markets to result in accelerated cash flows in 2018 and beyond. Quinn also cites the management's commentary around "recovering" U.S. housing market supporting the company's Resource and Wood Products businesses as well as the progress discussed in the integration of Deltic business.
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