Deutsche Bank Downgrades Weyerhaeuser

Deutsche Bank reported on Weyerhaeuser WY today. In the report, Deutsche bank recommended investors get out. Deutsche Bank writes, "Our call is driven by two factors. First, evidence is mounting of a downward correction in West Coast log mkts. The second issue is the growing evidence that 2011 will represent another “lost year” for WY's RE and WP divisions. We're trimming our PT from $24 to $19. Depending on how rough mkts get as we move through the summer and into the autumn, the stock could even trade a bit lower as ST investors trim positions. The stock has been heavily promoted in recent months by “timber bulls” and driven by the big gains in Chinese export vol's." Deutsche Bank currently has a Sell rating on WY and a price target of $19. Shares of WY closed on Thursday at $22.07, up from $21.69 at the opening bell.