Weyerhaeuser Downgraded to “Hold” at DA Davidson; Commodity Prices Hurting Margins (WY)


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Forestry products producer Weyerhaeuser Company ( WY ) on Friday caught a big downgrade from analysts at DA Davidson.

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 line.

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 ( WY ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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