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CTT

CatchMark Timber

$8.12

0.09 (1.12%)

06:33
01/14/19
01/14
06:33
01/14/19
06:33

CatchMark Timber upgraded to Buy from Neutral at Citi

Citi analyst Anthony Pettinari upgraded CatchMark Timber to Buy saying the company's dividend yield looks attractive following the stock's underperformance in 2018.

CTT CatchMark Timber
$8.12

0.09 (1.12%)

11/20/18
11/20/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hexcel (HXL) initiated with a Neutral at Longbow. 2. CatchMark Timber (CTT) initiated with a Neutral at Citi. 3. Brookfield Business Partners (BBU) initiated with an Outperform at BMO Capital. 4. Invitae (NVTA) assumed with a Buy at Benchmark. 5. Molecular Templates (MTEM) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/20/18
SBSH
11/20/18
INITIATION
Target $10.5
SBSH
Neutral
CatchMark Timber initiated with a Neutral at Citi
Citi analyst Anthony Pettinari started CatchMark Timber Trust with a Neutral rating and $10.50 price target. The analyst likes CatchMark's portfolio focus, but is cautious on a Southern log price recovery. He expects prices to bounce "along the bottom" in 2018.
11/14/18
RILY
11/14/18
NO CHANGE
Target $12
RILY
Buy
CatchMark Timber price target lowered to $12 from $14.50 at B. Riley FBR
B. Riley FBR analyst Craig Kucera lowered his price target for CatchMark Timber Trust to $12 citing the falling multiples of timber real estate investment trusts. The analyst, however, keeps a Buy rating on the shares.
11/05/18
RBCM
11/05/18
UPGRADE
Target $12
RBCM
Outperform
CatchMark Timber upgraded to Outperform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Paul Quinn upgraded CatchMark Timber to Outperform from Sector Perform and kept his price target at $12, saying the recent selloff in the stock looks overdone and valuation has become more compelling. The analyst states that the 30% discount to net asset value in the shares is "too wide" of a discount given CatchMark Timber's "pure-play timberland model". Quinn also maintains his positive view of the company's focus on "core timberland harvest operations which results in more secure and consistent earnings" relative to its timber REIT peers.

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