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Fly News Breaks for January 24, 2018
Jan 24, 2018 | 09:07 EDT
As previously reported, BofA/Merrill upgraded Weyerhaeuser to Buy from Neutral and raised its price target to $40 from $39. Analyst George Straphos views valuation as a "good entry point" ahead of expectations for strong lumber prices and flat-lining timber prices in the South, supporting strong margins in the wood products business. Staphos' research indicates an improved outlook for OSB pricing in 1H 2018, removing a near-term headwind.
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