RBC Capital Remains a Buy on Weyerhaeuser (WY)
In a report released yesterday, Matt McKellar from RBC Capital maintained a Buy rating on Weyerhaeuser, with a price target of $30.00.
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According to TipRanks, McKellar is an analyst with an average return of -1.0% and a 35.71% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Interfor, Clearwater Paper, and Mercer International.
In addition to RBC Capital, Weyerhaeuser also received a Buy from D.A. Davidson’s Kurt Yinger in a report issued on December 15. However, on the same day, Truist Financial maintained a Hold rating on Weyerhaeuser (NYSE: WY).
Based on Weyerhaeuser’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.77 billion and a net profit of $80 million. In comparison, last year the company earned a revenue of $1.68 billion and had a net profit of $28 million
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