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Weyerhaeuser Co (NYSE:WY) target price bumped down to $35.00, released a research note today by Bank of America Corp

Yesterday Weyerhaeuser Co (NYSE:WY) traded 0.31% higher at $32.03. WY’s 50-day average is $33.12 and its two hundred day average is $33.34. With the last stock price close down -3.36% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Volume of trade was down over the average, with 2,027,551 shares of WY changing hands under the typical 3,024,700

In a report released on Wednesday July 05, 2017 Bank of America Corp dropped the price target of Weyerhaeuser Co (NYSE:WY) from $36.00 to $35.00 indicating a possible upside of 0.09%.

Previously on 7/07/2017, Zacks Investment Research reported on Weyerhaeuser Co (NYSE:WY) raised the target price from $0.00 to $38.00. At the time, this indicated a possible upside of 0.17%.

Performance Chart

Weyerhaeuser Co (NYSE:WY)

With a total market value of $0, Weyerhaeuser Co has 52 week low of $28.58 and a 52 week high of $35.50 with a P/E ratio of 25.33 .

In addition to Bank of America Corp reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $34.39 with 4 firms rating the stock a strong buy, 4 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Weyerhaeuser Co (NYSE:WY)

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company's segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment's offerings include logs, timber and recreational access via leases. The Real Estate & ENR segment includes sales of timberlands; rights to explore for and extract hard minerals, oil and gas production, and coal, and equity interests in its Real Estate Development Ventures. The Wood Products segment includes the manufacturing and distribution of wood products. The Wood Products segment is engaged in softwood lumber, engineered wood products, structural panels, medium density fiberboard and building materials distribution.

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