The Globe and Mail reports in its Tuesday, Jan. 23, edition that Scotia Capital analyst Ben Isaacson rates West Fraser Timber "sector outperform" in new coverage, with a $100 share target (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $110. Mr. Isaacson says in a note: "West Fraser offers investors the best way to gain large cap Canadian equity exposure to a recovery in both lumber and other wood products commodities markets. ... Following its transformational acquisition of Norbord in '21, results show less margin variability in the more diversified portfolio. This, coupled with reduced B.C. exposure should lead to slight margin expansion over time -- another reason why we like the stock. West Fraser is already one of the lowest-cost producers in the space, resulting in industry-leading margins on a through-cycle basis. Finally, we like the balanced approach to capital allocation, with free cash flow directed toward growth opportunities in the U.S. South, maintaining a healthy balance sheet, as well as returning excess cash to shareholders. Wester Fraser is the only Canadian player to pay a stable distribution."