Weyerhaeuser Analysts Cut Their Forecasts After Q2 Results

Weyerhaeuser Company WY reported downbeat second-quarter sales, after the closing bell on Thursday.

Weyerhaeuser reported quarterly earnings of 21 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $1.94 billion which missed the analyst consensus estimate of $1.95 billion, according to data from Benzinga Pro.

Weyerhaeuser shares gained 4.3% to close at $31.60 on Friday.

These analysts made changes to their price targets on Weyerhaeuser following the announcement.

• Truist Securities analyst Michael Roxland maintained Weyerhaeuser with a Hold rating, while lowering the price target from $32 to $31.
• DA Davidson analyst Kurt Yinger maintained the stock with a Buy, while slashing the price target from $37 to $36.

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