The Globe and Mail reports in its Tuesday, Aug. 19, edition that Raymond James analyst Daryl Swetlishoff continues to rate Conifex Timber "market perform." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Swetlishoff gave his share target a 10-cent trim to 75 cents. Mr. Swetlishoff sees maintenance downtime weighing on Conifex's results. Conifex reported second quarter earnings on Thursday after market close, posting negative earnings before interest, taxes, depreciation and amortization of $3.2-million vs. consensus of negative $3.6-million. Mr. Swetlishoff believes that Conifex could emerge as a key beneficiary of Canada's $1.25-billion support package for the forestry industry, with earmarked loan guarantees "potentially meaningful relative to the current market cap." Mr. Swetlishoff says, "That said, there is risk for package benefits to be offset by 'super duties' (i.e., higher than expected Sec 232 tariffs." Meanwhile, he notes current trading levels remain well below his risk-adjusted net asset value estimate -- with the market assigning negative value to Conifex's lumber platform -- and sit dramatically below tangible book value.