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Fly News Breaks for November 20, 2018
WY
Nov 20, 2018 | 07:41 EDT
Argus analyst Jacob Kilstein lowered his price target on Weyerhaeuser to $34 after its Q3 earnings miss, also lowering his FY18 EPS view to $1.27 from $1.52 to reflect the management's expectations of lower Q4 earnings in the Timberlands and Wood Products segments. Longer term, the analyst keeps his Buy rating on Weyerhaeuser shares, noting that in spite of the weak Q3, he still sees "positive trends in housing starts, strong demand from China, and the acquisition of Plum Creek Timber as growth drivers" for the company.
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