03:09:46 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,643,917
Close 2018-01-12 C$ 84.83
Market Cap C$ 6,416,873,479
Recent Sedar Documents

Globe says good year seen ahead for Domtar, rivals

2018-01-15 07:15 ET - In the News

See In the News (C-UFS) Domtar Corp (2)

The Globe and Mail reports in its Saturday, Jan. 13, edition that RBC Dominion Securities analyst Paul Quinn downgraded Domtar ($50.33) to "sector perform" from "outperform" (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that Mr. Quinn says in a note: "2018 should be a good year for Domtar as the company is experiencing tailwinds from stronger pulp prices and a tighter UFS [united fibre system] market. However with the stock now in line with our target price and up 40 per cent in the last six months (versus a 13-per-cent return for the S&P500), the shares look to have priced much of this in already." He continues to target the shares at $50, which is $4 more than the average. Mr. Quinn also upgraded a pair of stocks, raising Canfor ($21.69) to "sector perform" from "underperform." His share target increased to $26 from $20. The consensus on the Street is $27.71. He also moved West Fraser Timber ($67.92) to "sector perform" from "underperform," with a share target of $80, jumping from $60. Analysts on average target the shares at $81.67.

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