Fly News Breaks for April 2, 2019
RYN, WY, PCH
Apr 2, 2019 | 06:31 EDT
Seaport Global analyst Mark Weintraub started Rayonier (RYN) with a Neutral rating and no price target. The stock's valuation is "perhaps a bit less attractive" relative to the other timber real estate investment trusts, Weintraub tells investors in a research note. The analyst this morning also initiated coverage of PotlatchDeltic (PCH) with a Buy rating and reiterated a Buy rating on Weyerhaeuser (WY). Weintraub admits, however, that Rayonier is more of a "pure-play" in the timberland space than those two companies and that its management has made good decisions of late for its shareholders.
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