The Globe and Mail reports in its Tuesday, Jan. 23, edition that Scotia Capital analyst Ben Isaacson rates Interfor "sector outperform" in new coverage, with a $29 share target. The Globe's David Leeder writes that analysts on average target the shares at $29.50. Mr. Isaacson says in a note: "We like the pure-play lumber commodity torque Interfor offers investors to a U.S. and Canadian housing cycle recovery. This should be more relevant in '24 than in '23, as the probability for U.S. rate cuts has increased recently, which bodes well for housing demand. We also like Interfor's strategy to reduce B.C. exposure via two-pronged regional growth in the U.S. South and Eastern Canada. Our price target doesn't include more than $10 per share in duties on deposit, which could be partially/fully monetized with a resolution to Lumber V -- the latest chapter in the Canada/U.S. Softwood Lumber Dispute. In addition to Interfor being our top pick for its operational leverage to a lumber market recovery, we also like the company's relentless focus on cost control, which has raised its relative margin profile materially recently. ... We think Interfor is the best way to gain P&FP equity torque to a housing market recovery."