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Fly News Breaks for February 13, 2018
DEL, PCH
Feb 13, 2018 | 07:15 EDT
BMO Capital analyst Ketan Mamtora raised his price target on Potlatch (PCH) to $49 to reflect the pending Deltic Timber (DEL) merger. The analyst also notes EBITDA catalysts that include increased timber harvests on Deltic land, a strong start to 2018 lumber prices, and increased production at Deltic's two sawmills. Mamtora keeps his Market Perform rating on Potlatch, stating that much of the good news has been priced into the stock.
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