The Globe and Mail reports in its Tuesday, Jan. 23, edition that Scotia Capital analyst Ben Isaacson rates Canfor Pulp Products "sector perform" in new coverage, with a $2 share target. The Globe's David Leeder writes that analysts on average target the shares at $2.08. Mr. Isaacson says in a note: "Canfor Pulp offers investors exposure to Canadian-produced northern bleached softwood kraft (NBSK) pulp, the paper industry's standard grade of feedstock for paper. The company's share price has fallen by more than 80 per cent since its post-COVID high of $10, largely due to challenges ranging from reduced fibre availability to higher feedstock costs to reduced global demand for pulp. To combat this, Canfor Pulp is undertaking a $500-million capital re-investment plan aimed at improving plant productivity, although spending will pivot with how the pulp market unfolds mid-term. ... While it's true the stock is trading at 0.3 times book value, and Canfor Corp., Canfor Pulp's majority-owned sponsor, could initiate a roll-up transaction to clean up the structure, our $2 share target seems a little more aspirational for now, given it requires an optimistic six times multiple on a vastly improved EBITDA turnaround story."