Upgrade Alert for Potlatch (PCH)
Potlatch (NYSE:PCH) was upgraded from Neutral to Buy at DA Davidson today. The stock closed yesterday at $39.98 on volume of 199,000 shares, below average daily volume of 226,000.
In the past 52 weeks, Potlatch share prices have been bracketed by a low of $36.04 and a high of $51.48 and closed yesterday at $39.98, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.
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.
Potlatch (NYSE:PCH) has potential upside of 9.1% based on a current price of $39.98 and analysts' consensus price target of $43.60. The stock should run into initial resistance at its 50-day moving average (MA) of $40.33 and subsequent resistance at its 200-day MA of $43.28.
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