The Globe and Mail reports in its Friday, Nov. 10, edition that TD Securities analyst Sean Steuart has reaffirmed his "hold" recommendation for Western Forest Products. The Globe's David Leeder writes in the Eye On Equities column that Mr. Steuart gave his share target a five-cent trim to 80 cents. Analysts on average target the shares at 90 cents. Mr. Steuart says in a note: "As is the case with many other lumber-weighted equities, Western trades at steep valuation discounts to long-term average multiples, but, in our view, the company lacks the balance sheet flexibility of some larger-cap peers, which limits potential catalysts (e.g., acquisition potential). We expect gradual progress toward repositioning the company's asset base." The Globe reported on Aug. 6, 2022, that Mr. Steuart had upgraded Western Forest Products to "buy" from "hold." The shares could then be had for $1.50. The Globe reported on Sept. 26, 2023, that Raymond James downgraded Western Forest to "market perform" from "outperform." The shares were then worth 84 cents. The Globe reported on Oct. 20, 2023, that Raymond James had reaffirmed its "market perform" recommendation for Western Forest. The shares could then be had for 76 cents.