RBC Capital Downgrades Potlatch Corp to Hold

By Carrie Williams

In a report released today, Paul Quinn from RBC Capital downgraded Potlatch Corp (NASDAQ: PCH) to Hold, with a price target of $47. The company’s shares closed yesterday at $47.15.

According to TipRanks.com, Quinn is a top 25 analyst with an average return of 20.9% and a 78.7% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Meadwestvaco Corp.

Currently, the analyst consensus on Potlatch Corp is Moderate Sell and the average price target is $45.50, representing a -3.5% downside.

In a report issued on April 11, Vertical Research also downgraded the stock to Hold.

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Potlatch Corp. is as a real estate investment trust, which owns and manages acres of timberlands. It operates through the following segments: Resource, Wood Products, and Real Estate. The Resource segment includes planting and harvesting trees; building and maintaining roads; hunting leases; recreation permits; biomass production; and carbon sequestration. The Wood Products segment produces and trades lumber, plywood, and residuals. The Real Estate segment markets and sells land holdings. The company was founded in 1903 and is headquartered in Spokane, WA.