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Plum Creek Timber (PCL)
by Zacks Equity ResearchOctober 23, 2012 | Comments : 0 Recommended this article: ()
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Plum Creek reported strong second quarter 2012 results with earnings beating the Zacks Consensus Estimate by $0.04. In addition, the upsurge in demographic trends driving housing markets and demand for real estate properties across the country provides a strong economic backdrop for the company to demonstrate solid financial performance in the future.
Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market. Our target price of $51.00, 45.9X 2012 EPS, reflects this view.