RBC Capital - Conifex Timber Outperform Upgraded PT to $1.50 Conifex Timber upgraded to Outperform from Sector Perform at RBC Capital RBC Capital analyst Paul Quinn upgraded Conifex Timber to Outperform from Sector Perform with a price target of C$1.50, up from C$1.00 following the Q2 report. The analyst said Conifex reported a largely in line Q2 and expects the business to gain significant momentum, as lumber prices have reached record levels. Quinn notes leverage is no longer a primary concern and anticipates the company to return cash to shareholders.