16:54:30 EST Tue 05 Dec 2023
Enter Symbol
or Name

West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 81,273,936
Close 2023-04-18 C$ 103.29
Recent Sedar Documents

Globe says Kuske keeps West Fraser at "outperform"

2023-04-19 07:48 ET - In the News

The Globe and Mail reports in its Wednesday, April 19, edition that Credit Suisse analyst Andrew Kuske is keeping his "outperform" recommendation for West Fraser Timber intact. The Globe's David Leeder writes that Mr. Kuske cut his share target to $92.50 from $97 (all figures U.S.). Analysts on average target the shares at $102.50. Mr. Kuske says in a note: "Forest product stocks are notoriously cyclical and often with rather accentuated moves -- in both directions and the 'perfect timing' is typically elusive. Rate moves in H2 2023 (potentially declining) along with the current housing price compression bode well for affordability and return to improved prices and solid wood demand. We believe West Fraser has an enviable position in both lumber and OSB markets. However, pricing and housing dynamics are not currently overly supportive." The Globe reported on Nov. 24, 2022, that Mr. Kuske rated West Fraser "neutral" in new coverage. It was then worth $81.59. The Globe reported on Jan. 25, 2023, that Mr. Kuske upgraded his recommendation for West Fraser to "outperform." It was then worth $78.17. Mr. Kuske reaffirmed his "outperform" call on Feb. 14, 2023, when West Fraser shares were worth $82.82.

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