Bullboard - Stock Discussion Forum Interfor Corp T.IFP

Alternate Symbol(s): IFSPF

Forest Products Lumber & Wood Production

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. It operates through the solid wood products segment. The Company’s product categories include Dimension Lumber, Specialty Lumber and Engineered Wood Products. Its products include Spruce-Pine-Fir, Douglas Fir... see more

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Interfor Corp > CIBC Upgrade

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Post by retiredcf on Jan 10, 2022 8:31am

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.