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Upgrade Alert for Potlatch (PCH)

By Shiri Gupta

Potlatch (NYSE:PCH) was upgraded from Neutral to Buy at Buckingham today. The stock closed yesterday at $40.45 on volume of 315,000 shares, above average daily volume of 227,000.

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.

Potential upside of 15.6% exists for Potlatch, based on a current level of $40.45 and analysts' average consensus price target of $46.75. The stock should run into initial resistance at its 50-day moving average (MA) of $40.53 and subsequent resistance at its 200-day MA of $42.14.

Over the past year, Potlatch has traded in a range of $37.59 to $51.48 and closed yesterday at $40.45, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

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

Ticker(s): PCH