** 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
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com))
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