Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s): CWXZF

Industrials Industrial Distribution

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.

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Doman Building Materials Group Ltd

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Post by retiredcfon Jan 10, 2022 8:33am

115 Views

Post# 34299166

CIBC Upgrade

CIBC World Markets analyst Hamir Patel raised his rating for a pair of companies in a research report on paper and forest products stocks on Monday.

He upgraded Resolute Forest Products Inc. (RFP-N/RFP-T) to “outperformer” from “neutral” with a US$19 target, rising from US$14. The average on the Street is $17.75.

Mr. Patel also raised West Fraser Timber Co. Ltd. to “outperformer” from “neutral” with a target price of $150, up from $120 and above the $117.35 average.

He also made a series of target price adjustments, including:

Doman Building Materials Group Ltd. (, “outperformer”) to $10 from $9. Average: $9.92.
Hardwoods Distribution Inc. (
HD
“outperformer”) to $60 from $59. Average: $68.40.
Interfor Corp. (IFP-T, “neutral”) to $46 from $36. Average: $46.83.
Intertape Polymer Group Inc. (ITP-T, “outperformer”) to $36 from $38. Average: $38.94.