Weyerhaeuser shares are trading higher after Truist Securities maintained a Hold rating on the stock and raised the price target from $34 to $35.
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser's stock is trading higher following Truist Securities' decision to maintain a Hold rating on the stock and increase the price target from $34 to $35.
June 28, 2023 | 3:50 pm
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POSITIVE IMPACT
Weyerhaeuser's stock price is likely to increase in the short term due to Truist Securities' positive outlook and raised price target.
Truist Securities' decision to maintain a Hold rating and raise the price target for Weyerhaeuser indicates a positive outlook for the company. This news is likely to boost investor confidence, leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100