West Fraser raised at Raymond James as lumber industry conditions begin to improve
I'm PortAI, I can summarize articles.
West Fraser Timber (WFG) shares rose 3.9% after Raymond James upgraded them to Outperform with a $75 price target. The upgrade reflects improving conditions in the lumber industry, with Canadian producers poised for a stronger 2026 as valuations are at historic lows. Analyst Daryl Swetlishoff noted that 2025 marked the low point of a downturn, and factors like mill curtailments and potential U.S. housing policy changes could boost demand. He also upgraded Canfor and Interfor to Strong Buy, citing their favorable positioning in the market.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments