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Stock impact report

DA Davidson Highlights Timberland Upside in Weyerhaeuser's (WY) Medium-Term Plan [Yahoo! Finance]

Weyerhaeuser Company (WY) 
Last weyerhaeuser company earnings: 5/1 03:05 am Check Earnings Report
US:NYSE Investor Relations: investor.weyerhaeuser.com
Company Research Source: Yahoo! Finance
On December 15, DA Davidson kept a Buy rating and a $31 price target on Weyerhaeuser Company (NYSE:WY). The firm said it was encouraged by the medium-term goals management laid out at its Investor Day last week. DA Davidson pointed to the expected $380 million uplift from Timberlands and Strategic Land Solutions, noting that even in a downside case, it would reinforce confidence in per-acre values used in current net asset value estimates. More likely, the firm said, those initiatives support upside through better yield accretion. Separately, Weyerhaeuser Company (NYSE:WY) and Aymium announced they signed a memorandum of understanding to work together on producing and selling 1.5 million tons of sustainable biocarbon each year for use in metals manufacturing. As a first step, the companies formed a joint venture called TerraForge Biocarbon Solutions. The venture plans to build a jointly owned facility next to Weyerhaeuser's lumber mill in McComb, Mississippi. At that site, wood f Show less Read more
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