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Weyerhaeuser (WY +1%) gets a bump higher after BMO upped the shares to Market Perform earlier...

Weyerhaeuser (WY +1%) gets a bump higher after BMO upped the shares to Market Perform earlier today, speculating that surging lumber and panel prices should give a boost to its bottom line and prompt the company to pay out larger cash distributions in 2013 and 2014. Barron's also highlighted the company over the weekend, noting that signs of a housing rebound are likely to lift the shares.
Comments (1)
  • Zheeeem
    , contributor
    Comments (268) | Send Message
     
    WY has made a nearly 50% run in the past 12 months. Why would it have been rated underperform that whole time, and why is now the time to upgrade it? Incredible.
    27 Aug 2012, 05:56 PM Reply Like
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