BUZZ-Citigroup lowers PT on timber companies as lumber prices come under pressure

Reuters
2025/06/02
BUZZ-Citigroup lowers PT on timber companies as lumber prices come under pressure

** Citigroup reduces price target on timber companies to reflect a more conservative outlook on lumber and log prices

** Says lumber prices has drifted lower since the beginning of April with dealers working down inventories built in anticipation of Canadian tariffs that did not ultimately materialize on Liberation Day

Brokerage changes PT on the following companies:

Company

New PT

Old PT

Upside to stock's last close

PotlatchDeltic Corp PCH.O

$47

$49

19.5%

Rayonier Inc RYN.N

$26

$27

9.7%

Weyerhaeuser Co WY.N

$31

$35

19.6%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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