The Globe and Mail reports in its Friday, April 12, edition that CIBC World Markets analyst Hamir Patel lowered his estimates for wood products companies further heading into first quarter earnings season, pointing to "weaker-than-expected benchmark prices and lower volume/higher cost assumptions" following recent channel checks. The Globe's David Leeder writes in the Eye On Equities column that Mr. Patel has reaffirmed his "outperformer" recommendation for Canfor. Mr. Patel trimmed his share target by a loonie to $22. Analysts on average target the shares at $22.67. The Globe reported on Sept. 26 that Raymond James analyst Daryl Swetlishoff had cut Canfor to "outperform" from "strong buy." It was then worth $16.96. The Globe reported on Nov. 8 that Mr. Swetlishoff had boosted Canfor back to "strong buy" when the shares could be had for $17.52. The Globe reported on Feb. 7 that Mr. Swetlishoff had lowered his recommendation for Canfor to "outperform" from "strong buy." The shares could then be had for $15.18.