Weyerhaeuser upgraded to Buy at DA Davidson after pullback in the stock price

DA Davidson analyst Kurt Yinger upgraded Weyerhaeuser to Buy from Neutral with a price target of $35, up from $34. The analyst states that with commodity wood product prices having settled at depressed levels, there’s "nowhere to go but up". The firm further notes that expectations for Weyerhaeuser have been sufficiently re-calibrated, and the pullback in the stock over the past two months creating an attractive entry-point.