DA Davidson Upgrades Potlatch Corporation to “Buy” (PCH)
Potlatch Corporation (NASDAQ:PCH) was upgraded by equities research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, American Banking News.com reports.
Separately, analysts at RBC Capital initiated coverage on shares of Potlatch Corporation in a research note to investors on Friday, September 6th. They set a “sector perform” rating and a $42.00 price target on the stock.
Potlatch Corporation (NASDAQ:PCH) traded up 4.74% during mid-day trading on Thursday, hitting $39.98. 206,500 shares of the company’s stock traded hands. Potlatch Corporation has a 52-week low of $36.96 and a 52-week high of $51.48. The stock’s 50-day moving average is $39.45 and its 200-day moving average is $43.28. The company has a market cap of $1.620 billion and a price-to-earnings ratio of 23.16.
Potlatch Corporation is a real estate investment trust. Through the Company’s wholly owned subsidiaries, it operates real estate sales and development business, and five wood products manufacturing facilities that produce lumber and plywood.
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