Sheryar Siddiq
1 min read
In This Article:
Argus analyst Marie Ferguson maintained a Hold rating on Weyerhaeuser Company (NYSE:WY) on May 28, citing the company's challenges in the current economic environment, with no price target provided. Ferguson's remarks suggest that Weyerhaeuser's profits are directly related to the new-housing market, which has tanked due to high borrowing costs and a weak economy.
The increase in existing home sales has only made the oversupply situation worse, which was caused by the slowdown in development over the past two years. Although a return to positive yearly earnings growth is possible this year, analysts at Argus predict that any improvement will be evaluated against a low starting point. The housing market is expected to remain weak for the majority of 2025, trailing behind the broader economic recovery. Given this, Argus predicts that Weyerhaeuser Company (NYSE:WY) might not establish a solid foundation until 2026.
One of the biggest private owners of timberlands in North America, Weyerhaeuser Company (NYSE:WY) is a US-based REIT that manages around 10.4 million acres in the United States alone, with additional properties in Canada under long-term licenses.
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