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Fly News Breaks for July 31, 2017
WY
Jul 31, 2017 | 06:45 EDT
Goldman analyst Briand Macquire removed Weyerhaeuser from the Conviction Buy List based on slower cash return as the company has been slow to raise its dividend and Southern sawlog prices remain roughly 30% below levels prior to the last recession. The analyst maintains a Buy rating and a $38 price target on Weyerhaeuser given upside to normalized housing demand, best-in-class timberland assets, and self-help opportunities.
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