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Potlatch Down 0.2% Since DA Davidson Downgraded One Week Ago (PCH)

Published on Wed, 02/06/2013 - 10:08
By Peter Chu

Potlatch was downgraded from Neutral to Underperform by DA Davidson one week ago. The stock closed at $43.63, which is 0.2% lower than the price one week ago ($43.72).

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.

In the past 52 weeks, shares of Potlatch have traded between a low of $28.02 and a high of $44.51 and are now at $43.58, which is 56% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

Potlatch (NYSE:PCH) defies analysts with a current price ($43.58) 14.3% above its average consensus price target of $37.33. Potlatch shares have support at the 50-day moving average (MA) of $40.40 and additional support at the 200-day MA of $35.82.

By Peter Chu
pchu@fnno.com