The Globe and Mail reports in its Tuesday, May 9, edition that RBC Capital Markets analyst Paul Quinn continues to rate Interfor "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Quinn cut his share target by $3 to $32. Analysts on average target the shares at $33.33. Mr. Quinn says in a note: "Interfor Corporation reported adjusted EBITDA of $26-million, which was roughly in line with our $29-million forecast and slightly ahead of FactSet consensus at $22-million. We view Interfor's geographically diversified but lumber-focused business as an attractive way to play a potential pick-up in residential construction (particularly given its I-joist, stud, and MSR lumber exposure)." The Globe reported on Oct. 22, 2021, that CIBC World Markets analyst Hamir Patel had downgraded Interfor to "neutral" from "outperform." He said he did not see much upside ahead. Interfor shares could then be had for $31.24. The Globe reported on April 21, 2023, that Mr. Patel rated Interfor "outperformer." The shares could then be had for $23.31.
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