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Raymond James raised its recommendation on the timber REITs Weyerhaeuser (NYSE:WY) and PotlatchDeltic (NASDAQ:PCH), citing improving lumber fundamentals and deep valuation discounts.
WY shares were trading +1.38% Monday pre-market at $27.88, and PCH was +1.55% to $39.35.
“With this industry update, we are upgrading both
