Regarding the TD analyst's target for WEF, here's some food for thought...
Back in November, some firm rated Norbord (NBD) "outperform" with a price target of $23.
I had been looking to re-establish a position in NBD, having sold it too soon around $16.
At that time (last November), I looked at the $23 target vs. where the stock was currently trading,
and thought, "meh... better wait for a pullback". Of course Norbord subsequently shot up to $32.
Now, I'm not saying that WEF is going to skyrocket like NBD did...
However, I will say that that there's a number of analysts who are lousy at making forecasts.
Apple at $1000 anyone?? :-)
Look at the trajectory of WEF's stock price over the past three years, and then project that over the next two years... that's every bit as a reliable target price as this TD analyst's predictions. We are still in the very early innings of a US housing recovery, so no need to hit the "overbought panic buttons" just quite yet!
Meanwhile - here's some reading for you if you want a differing opinion on where the price of lumber is going between now and 2015. https://www.montrealwoodconvention.com/en/images/don_roberts.pdf