Downgrade Alert for Potlatch (PCH)
Potlatch (NYSE:PCH) was downgraded from Buy to Neutral at Buckingham today. The stock closed yesterday at $39.05 on volume of 271,000 shares, above average daily volume of 217,000.
Over the past year, Potlatch has traded in a range of $24.01 to $39.91 and closed yesterday at $39.05, 63% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.
Potlatch (NYSE:PCH) defies analysts with a current price ($39.05) 2.3% above its average consensus price target of $38.14. The stock should discover initial support at its 50-day moving average (MA) of $31.38 and subsequent support at its 200-day MA of $30.98.
Potlatch Corporation is a real estate investment trust that owns timberlands in Arkansas, Idaho, Minnesota and Wisconsin. The Company grows and harvests timber, as well as manufactures and sells wood products, printing papers, and other pulp-based products. Potlatch's timberlands and all of its manufacturing facilities are located in the continental United States.
SmarTrend is tracking the current trend status for Potlatch and will alert subscribers who have PCH in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades potlatch