PotlatchDeltic price target lowered to $55 from $56 at Seaport Research

Seaport Research lowered the firm’s price target on PotlatchDeltic to $55 from $56 and keeps a Buy rating on the shares. It has been a difficult year in lumber and the firm does not expect to see a dramatic improvement in the second half, the analyst tells investors. Further, there is not a lot of visibility on next year, but the Waldo sawmill modernization/expansion should help, the firm adds.