West Fraser Timber Co Ltd WFG

Primary Symbol: T.WFG

Forest Products Lumber & Wood Production

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, paper, tissues, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. Its business comprises lumber mills, OSB facilities, renewable energy facilities, pulp and paper mills, plywood facilities, MDF facilities, particleboard facilities, LVL facility, treated wood facility, and veneer facility. The Company operates approximately 58 facilities in Canada, the United States, the United Kingdom and Europe. It also offers wood preservation services.

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West Fraser Timber Co Ltd

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Post by retiredcfon Nov 28, 2022 7:35am

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Post# 35133139

Scotiabank

After updating his earnings estimates for the fourth quarter of 2022 through 2024 for paper and forest products companies to reflect commodity prices and the impact of foreign exchange, Scotia Capital’s Benoit Laprade lowered his targets for Canfor Corp. (“sector outperform”) to $33 from $36, Interfor Corp. ( “sector outperform”) to $36 from $40, Western Forest Products Inc. (“sector perform”) to $2 from $2.25 and West Fraser Timber Co. Ltd. ( “sector perform”) to $138 from $143. The averages are $32, $38.17, $1.65 and $140.78, respectively.