CTT - Robert Baird upgrades CatchMark Timber to Outperform on price accelearation

Robert Baird analyst David Rodgers upgraded CatchMark Timber Trust (CTT +6.1%) to Outperform from Neutral with a price target of $10, up from $9. The analyst said as a pure-play, high-quality, Southeast-focused owner of timberland, CatchMark is poised to benefit from the substantial investment in its regional mill production capacity in recent years. Since the start of 2022, CatchMark Timber Trust shares fell marginally by 1.7% but over a period of one year shares were down around 21.7%. Wall Street analysts stands with a Hold rating on the stock and Seeking Alpha Quant System also says to Hold.

For further details see:

Robert Baird upgrades CatchMark Timber to Outperform on price accelearation