23:20:50 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Canfor Corp
Symbol CFP
Shares Issued 120,681,779
Close 2023-05-08 C$ 21.67
Market Cap C$ 2,615,174,151
Recent Sedar Documents

Globe says Quinn maintains Canfor at "outperform"

2023-05-08 08:47 ET - In the News

The Globe and Mail reports in its Saturday edition that RBC Capital Markets analyst Paul Quinn has reiterated his "outperform" recommendation for Canfor. The Globe's David Leeder writes in the Eye On Equities column that Mr. Quinn gave his share target a $3 haircut to $27. Analysts on average target the shares at $29.50. Mr. Quinn says in a note: "Tough decisions taken over the past few quarters have helped align the company with the reality of operating in fibre-challenged B.C. for the longer term, although sliding pulp prices and slow housing starts pose near-term challenges. However, we like Canfor's valuation and geographic diversification, and think it has the liquidity to pursue potentially meaningful strategic opportunities should the downturn bring attractive assets to the market." The Globe reported on June 18, 2022, that Scotia Capital reiterated its "sector outperform" call for Canfor, which could then be had for $22.58. The Globe reported on Sept. 5, 2022, that CIBC had lowered its recommendation for Canfor to "neutral" from "outperformer." It was then worth $19.74. The Globe reported on Oct. 25, 2022, that Raymond James analyst Daryl Swetlishoff rated Canfor "strong buy." It was then worth $18.99.

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