The Globe and Mail reports in its Friday edition that RBC Dominion Securities analyst Matthew McKellar has lowered his recommendation for Canfor Pulp Products to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. McKellar swung an axe at his share target, chopping it back by $3.50 to $2.50. Analysts on average target the shares at $2.69. Mr. McKellar says in a note: "Lower pulp pricing will present issues for most pulp producers under our coverage, with recent labour disruptions at B.C. ports and maintenance at Northwood also likely to weigh on Canfor Pulp's export volumes, production and overall results in Q323. While Canfor Pulp's valuation is attractive, we struggle to see a catalyst for share price momentum in the near term and downgrade our rating. Canfor Pulp is well positioned to meet the long-term growth in Chinese demand for softwood pulp given its mills in Western Canada, although we expect BC to be a tricky operating environment for some time. Over the medium-to-long term, we believe Canfor Pulp is well positioned to benefit from growing global demand trends for softwood pulp, particularly with limited near-term softwood capacity additions."