The Globe and Mail reports in its Friday, April 17, edition that TD Cowen analyst Sean Steuart has reaffirmed his "hold" recommendation for Interfor. The Globe's David Leeder writes in the Eye On Equities column that Mr. Steuart trimmed his share target back by a loonie to $12, matching the consensus. Mr. Steuart expects a "mixed" earnings season for forest products companies, but he predicts investors will be "more focused on directional commentary around cost inflation through the remainder of the year and associated knock-on effects for demand." Mr. Steuart says in a note: "Key Q1/26 themes: 1) Positive quarter-over-quarter earnings momentum for wood-weighted equities, particularly those exposed to the U.S. South, where regional composite lumber and OSB prices improved 23 per cent and 38 per cent quarter-over-quarter, respectively. Positive outliers versus consensus are led by Interfor and Canfor. ... Cumulative expected year-over-year EBITDA growth for our coverage set is negative 32 per cent in 2026 and negative 28 per cent in 2027." The Globe reported on April 21, 2025, Oct. 17, 2025, and Jan. 23, 2026, that Mr. Steuart rated Interfor "hold." The shares could then be had for $13.41, 8.21 and $10.43.