Weyerhaeuser up after J.P.Morgan starts coverage

Forestry products firm Weyerhaeuser's WY.N shares rise 2.2% to $26.04

J.P.Morgan starts coverage of company's shares with "overweight" rating and $31 PT

After years of headwinds due to weak product demand, earnings growth could inflect as wood products fundamentals improve, particularly in lumber, JPM says

In the near term, WY could see steady earnings growth as new single-family construction stabilizes and improves - brokerage

JPM says that potential for tariffs on Canadian-produced goods should also allow WY to increase pricing and margins in its wood products segment as well

Up to Monday's close, stock down 9.5% YTD