The Globe and Mail reports in its Friday, Dec. 19, edition that RBC Dominion Securities analyst Matthew McKellar, previewing the year ahead of North American paper and forest products companies, has lowered his share target for West Fraser Timber to $85 (U.S.) from $91 (U.S.). The Globe's David Leeder writes in the Eye On Equities column that Mr. McKellar continues to rate West Fraser Timber "outperform." Analysts on average target the shares at $82.88 (U.S.). Mr. McKellar says in a note: "2025 was a challenging year for much of the forest products group, and with demand conditions seemingly remaining tepid into early 2026, we continue to prefer exposure to names where a supply response has either already played out to a significant degree (e.g., the containerboard group) or is seemingly in progress (e.g., lumber producers, although we maintain a preference for larger cap WFG and its conservative balance sheet while we wait for a stronger trend to become evident). With valuations across the space mostly ranging between attractive and reasonable compared to historical averages, we see upside for many names as fundamentals and sentiment improve."