Citi Keeps Buy Rating on PotlatchDeltic (PCH) After Q2 Results

PotlatchDeltic Corporation (NASDAQ:PCH) is one of the 8 Best Lumber Stocks to Buy According to Hedge Funds. On July 29, Citi analyst Anthony Pettinari reiterated a Buy rating on PotlatchDeltic Corporation (NASDAQ:PCH) with a price target of $47.

This decision came after PotlatchDeltic Corporation (NASDAQ:PCH) reported Q2 2025 results. The firm highlighted the company’s growth potential despite recent challenges.

The company’s Timberland segment delivered a strong performance with better-than-expected EBITDA. This was supported by the increase in Northern sawlog prices and harvest volumes that surpassed guidance.

This performance in Timberlands helped offset the weaker performance in PotlatchDeltic Corporation’s (NASDAQ:PCH) Wood Products segment, which was impacted by soft demand across lumber markets.

The company is also working on strategic projects like increasing output at the Waldo site. PotlatchDeltic Corporation (NASDAQ:PCH) also aims to ship between 310 million to 320 million board feet of lumber in the third quarter, which would be a quarterly record.

Additionally, PotlatchDeltic Corporation (NASDAQ:PCH) is actively repurchasing shares, which shows confidence in its financial condition and future outlook.

PotlatchDeltic Corporation (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns timberlands and manufactures lumber, plywood, and wood products in the US.

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Disclosure: None. This article is originally published at Insider Monkey.