Conifex Timber Inc T.CFF

RBC Capital - Conifex Timber Outperform Upgraded PT to $1.50

[horseshoefalls]

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.

[dosperros]

Paul must do something to stay flexible - judo, yogo, whatever.  A lesser man would break a bone or blow a knee contorting in such unnatural ways, as below. I laugh because he can show a 50% or so gain, but there's no credible methodoligy that allows CFF to be valued that low.  Of course that's the game here -- he can't have a $3.00 price target, he needs to bump up the

[horseshoefalls]

I think they have to be extremely conservative in their assessments.  If futures pricing stays high, they can easily revise their price target in a release a month from now. There are really only two analytis who seem to cover this stock at all with any seriousness.  It's probably low on their prioirty list too.