The Globe and Mail reports in its Tuesday, Feb. 4, edition that Scotia Capital analyst Ben Isaacson thinks the "steep unwarranted and punishing U.S. tariffs on Canadian imports have brought another material economic risk to Canada's already-declining softwood lumber industry." The Globe's David Leeder writes in the Eye On Equities column that Mr. Isaacson says in a note: "We don't expect investors to stick around to find out, based on feedback over the past two weeks. At least, not at first. From a market cap perspective, the trees are a small/niche space, which usually means the buyside can and will avoid the space entirely when times are tough, rather than 'being a bit underweight.' Accordingly, and in anticipation of investors' shoot first market response, we have cut valuation multiples across the board, brought all price targets down." Mr. Isaacson continues to rate Western Forest Products "sector perform." He gave his share target a five-cent trim to 50 cents. Analysts on average target the shares at 54 cents. The Globe reported on Oct. 18 that TD Cowen analyst Sean Steuart continued to rate Western Forest "hold." Western Forest shares could then be had for 53 cents.