Globe says Western Forest elevated to "strong buy" Raymond James analyst Daryl Swetlishoff has upgraded Western Forest Products to "strong buy" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Swetlishoff kicked his share target higher by 35 cents to $3.25. Analysts on average target the shares at $2.70. Mr. Swetlishoff says he likes Western Forest's "inexpensive valuation, pristine balance sheet, healthy dividend yield and reduced share count all backstopped by continued impressive (and stable) free cash flow generation." He continues to "advocate investors opportunistically add to positions." Mr. Swetlishoff says in a note: "Western shares have lagged competitors since the B.C. government press release regarding the deferral of old growth logging as some observers have erroneously concluded that potential timber supply impacts disproportionately occur on the B.C. coast and disproportionately impact Western. In fact, independent analysis suggests that the vast majority (88 per cent) occur in the B.C. interior. ... We regard Western as amongst the best positioned to mitigate potential impacts through forming additional partnerships with First Nations."