RE:Conference starts at 12.00 PM todayastutein wrote: Analysts have not yet gone to conference call. They have not yet upgraded their estimates.
webcast is available for all to hear.
Some analysts have already bump their target this morning but they are too much conservative as usual...
* Scotia’s Benoit Laprade raised his Western Forest Products Inc. (WEF) target to $2 from $1.50 with a “sector perform” rating, while Raymond James’ Daryl Swetlishoff moved his target to $1.85 from $1.75 with an “outperform” rating. The average is $1.64.
“With continued domestic market strength and improving offshore fundamentals we see Western as well-positioned in coming quarters. While enjoying material share price appreciation we highlight that Western still offers compelling value, trading at just 4.2 times 2021 EV/EBITDA and advocate investors continue to add to positions.,” Mr. Swetlishoff said.