Forestry products producer Weyerhaeuser Company (
) on Friday caught a big downgrade from analysts at DA
The firm said it cut its rating on WY from "Buy" to "Neutral"
with a $23 price target, suggesting zero upside to the stock's
Thursday closing price of $22.33. DA Davidson noted that recent
movements in commodity prices have cut into the company's bottom
Weyerhaeuser shares, which have risen nearly 20% year-to-date,
fell 66 cents, or -3%, in premarket trading Friday.
The Bottom Line
Weyerhaeuser currently offers a 2.69% dividend yield, based on last
night's closing price of $22.33 and the company's annualized
dividend payout of 60 cents per share.
Weyerhaeuser Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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