Weyerhauser (WY) -3.4% premarket after shares are downgraded to Sell from Hold at Deutsche Bank,...

|By:, SA News Editor

Weyerhauser (WY) -3.4% premarket after shares are downgraded to Sell from Hold at Deutsche Bank, citing mounting evidence of a downward correction in West Coast log markets. "The stock has been heavily promoted in recent months by 'timber bulls' and driven by the big gains in Chinese export volumes," setting up shares for a pullback.