Canfor (TSE:CFP – Get Free Report) was downgraded by stock analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$16.00 target price on the stock, down from their prior target price of C$19.00. CIBC’s price target would suggest a potential upside of 25.39% from the stock’s current price.
A number of other research firms also recently weighed in on CFP. Raymond James cut their target price on Canfor from C$28.00 to C$24.00 in a research report on Thursday, January 30th. TD Securities cut their price objective on Canfor from C$19.00 to C$17.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Scotiabank lowered Canfor from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$18.67.
Read Our Latest Stock Analysis on Canfor
Canfor Stock Down 0.4 %
Canfor Company Profile
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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