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Recommendations
Western Forest price target lowered to C$1.75 from C$2.25 at TD Securities » 08:19
06/23/22
06/23
08:19
06/23/22
08:19
WFSTF

Western Forest

$1.18 /

-0.01 (-0.84%)

TD Securities analyst…

TD Securities analyst Sean Steuart lowered the firm's price target on Western Forest to C$1.75 from C$2.25 and keeps a Hold rating on the shares. He lowered target prices for seven of the 10 companies in his coverage universe, noting that forest product equities remain under pressure as investors discount an increasingly negative macroeconomic outlook. However, Steuart reiterates an Overweight bias on the sector given that balance sheets are in significantly better shape than was the case entering previous recessions and he believes current valuations "assume an overly negative outlook."

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WFSTF Western Forest
$1.18 /

-0.01 (-0.84%)

06/17/22 Scotiabank
Western Forest price target lowered to C$2.50 from C$2.75 at Scotiabank
02/17/22 Raymond James
Western Forest upgraded to Strong Buy from Outperform at Raymond James
01/10/22 CIBC
Western Forest price target raised to C$2.25 from C$2 at CIBC
11/08/21 CIBC
Western Forest price target lowered to C$2 from C$2.50 at CIBC
Over a week ago
Recommendations
Western Forest price target lowered to C$2.50 from C$2.75 at Scotiabank » 11:44
06/17/22
06/17
11:44
06/17/22
11:44
WFSTF

Western Forest

$1.19 /

-0.1001 (-7.76%)

Scotiabank analyst Benoit…

Scotiabank analyst Benoit Laprade lowered the firm's price target on Western Forest to C$2.50 from C$2.75 and keeps a Sector Perform rating on the shares.

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WFSTF Western Forest
$1.19 /

-0.1001 (-7.76%)

02/17/22 Raymond James
Western Forest upgraded to Strong Buy from Outperform at Raymond James
01/10/22 CIBC
Western Forest price target raised to C$2.25 from C$2 at CIBC
11/08/21 CIBC
Western Forest price target lowered to C$2 from C$2.50 at CIBC
11/05/21 RBC Capital
Western Forest price target lowered to C$2.75 from C$3 at RBC Capital
Over a quarter ago
Upgrade
Western Forest upgraded to Strong Buy from Outperform at Raymond James » 12:52
02/17/22
02/17
12:52
02/17/22
12:52
WFSTF

Western Forest

$1.65 /

+0.0169 (+1.04%)

Raymond James analyst…

Raymond James analyst Daryl Swetlishoff upgraded Western Forest to Strong Buy from Outperform with a price target of C$3.25, up from C$2.90. Following another "solid" quarter, the analyst is constructive on Western Forest Products, citing the stock's inexpensive valuation and the company's "pristine balance sheet, healthy dividend yield and reduced share count all backstopped by continued impressive (and stable) free cash flow generation."

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WFSTF Western Forest
$1.65 /

+0.0169 (+1.04%)

01/10/22 CIBC
Western Forest price target raised to C$2.25 from C$2 at CIBC
11/08/21 CIBC
Western Forest price target lowered to C$2 from C$2.50 at CIBC
11/05/21 RBC Capital
Western Forest price target lowered to C$2.75 from C$3 at RBC Capital
11/05/21 TD Securities
Western Forest downgraded to Hold from Buy at TD Securities
Recommendations
Western Forest price target raised to C$2.25 from C$2 at CIBC » 11:54
01/10/22
01/10
11:54
01/10/22
11:54
WFSTF

Western Forest

$1.66 /

+0.0088 (+0.53%)

CIBC analyst Hamir Patel…

CIBC analyst Hamir Patel raised the firm's price target on Western Forest to C$2.25 from C$2 and keeps a Neutral rating on the shares.

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WFSTF Western Forest
$1.66 /

+0.0088 (+0.53%)

11/08/21 CIBC
Western Forest price target lowered to C$2 from C$2.50 at CIBC
11/05/21 RBC Capital
Western Forest price target lowered to C$2.75 from C$3 at RBC Capital
11/05/21 TD Securities
Western Forest downgraded to Hold from Buy at TD Securities
10/21/21 CIBC
Western Forest downgraded to Neutral from Outperformer at CIBC
Recommendations
Western Forest price target lowered to C$2 from C$2.50 at CIBC » 12:47
11/08/21
11/08
12:47
11/08/21
12:47
WFSTF

Western Forest

$1.56 /

-0.045 (-2.81%)

CIBC analyst Hamir Patel…

CIBC analyst Hamir Patel lowered the firm's price target on Western Forest to C$2 from C$2.50 and keeps a Neutral rating on the shares.

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WFSTF Western Forest
$1.56 /

-0.045 (-2.81%)

11/05/21 RBC Capital
Western Forest price target lowered to C$2.75 from C$3 at RBC Capital
11/05/21 TD Securities
Western Forest downgraded to Hold from Buy at TD Securities
10/21/21 CIBC
Western Forest downgraded to Neutral from Outperformer at CIBC
09/29/21 Raymond James
Western Forest price target lowered to C$2.90 from C$3 at Raymond James
Recommendations
Western Forest price target lowered to C$2.75 from C$3 at RBC Capital » 12:51
11/05/21
11/05
12:51
11/05/21
12:51
WFSTF

Western Forest

$1.60 /

-0.0428 (-2.61%)

RBC Capital analyst Paul…

RBC Capital analyst Paul Quinn lowered the firm's price target on Western Forest to C$2.75 from C$3 and keeps an Outperform rating on the shares.

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WFSTF Western Forest
$1.60 /

-0.0428 (-2.61%)

11/05/21 TD Securities
Western Forest downgraded to Hold from Buy at TD Securities
10/21/21 CIBC
Western Forest downgraded to Neutral from Outperformer at CIBC
09/29/21 Raymond James
Western Forest price target lowered to C$2.90 from C$3 at Raymond James
07/20/21 CIBC
Western Forest price target lowered to C$2.60 from C$2.90 at CIBC
Downgrade
Western Forest downgraded to Hold from Buy at TD Securities » 09:51
11/05/21
11/05
09:51
11/05/21
09:51
WFSTF

Western Forest

$1.60 /

-0.0428 (-2.61%)

TD Securities analyst…

TD Securities analyst Sean Steuart downgraded Western Forest Products to Hold from Buy with a price target of C$2.25, down from C$2.75. The analyst says that while the company's Q3 results continued no surprises, he's "cautious absent transparency" regarding its exposure to the proposed British Columbia policy changes. Western Forest has a disproportionate exposure to the potential temporary suspension of harvesting on 2.6M hectares of B.C. old-growth timberlands, Steuart tells investors in a research note.

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WFSTF Western Forest
$1.60 /

-0.0428 (-2.61%)

10/21/21 CIBC
Western Forest downgraded to Neutral from Outperformer at CIBC
09/29/21 Raymond James
Western Forest price target lowered to C$2.90 from C$3 at Raymond James
07/20/21 CIBC
Western Forest price target lowered to C$2.60 from C$2.90 at CIBC
05/19/21 Scotiabank
Western Forest price target raised to C$2.75 from C$2.50 at Scotiabank
Downgrade
Western Forest downgraded to Neutral from Outperformer at CIBC » 05:50
10/21/21
10/21
05:50
10/21/21
05:50
WFSTF

Western Forest

$1.90 /

+0.0591 (+3.21%)

CIBC analyst Hamir Patel…

CIBC analyst Hamir Patel downgraded Western Forest Products to Neutral from Outperformer with a price target of C$2.50, down from C$2.60. The analyst now sees "limited catalysts on the horizon" for wood products names. Lumber prices have already re-inflated from their summer lows, lumber futures are correcting, and the housing backdrop is only likely "get more cloudy" as rising mortgage rates raise affordability concerns with home prices already at record highs, Patel tells investors in a research note. As such, Patel moves to the sidelines on four lumber names.

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WFSTF Western Forest
$1.90 /

+0.0591 (+3.21%)

09/29/21 Raymond James
Western Forest price target lowered to C$2.90 from C$3 at Raymond James
07/20/21 CIBC
Western Forest price target lowered to C$2.60 from C$2.90 at CIBC
05/19/21 Scotiabank
Western Forest price target raised to C$2.75 from C$2.50 at Scotiabank
05/11/21 CIBC
Western Forest price target raised to C$2.90 from C$2.50 at CIBC
Recommendations
Western Forest price target lowered to C$2.90 from C$3 at Raymond James » 11:44
09/29/21
09/29
11:44
09/29/21
11:44
WFSTF

Western Forest

$1.74 /

-0.0417 (-2.34%)

Raymond James analyst…

Raymond James analyst Daryl Swetlishoff lowered the firm's price target on Western Forest to C$2.90 from C$3 and keeps an Outperform rating on the shares.

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WFSTF Western Forest
$1.74 /

-0.0417 (-2.34%)

07/20/21 CIBC
Western Forest price target lowered to C$2.60 from C$2.90 at CIBC
05/19/21 Scotiabank
Western Forest price target raised to C$2.75 from C$2.50 at Scotiabank
05/11/21 CIBC
Western Forest price target raised to C$2.90 from C$2.50 at CIBC
05/07/21 RBC Capital
Western Forest price target raised to C$2.75 from C$2.25 at RBC Capital
Recommendations
Western Forest price target lowered to C$2.60 from C$2.90 at CIBC » 11:39
07/20/21
07/20
11:39
07/20/21
11:39
WFSTF

Western Forest

$1.47 /

-0.1142 (-7.23%)

CIBC analyst Hamir Patel…

CIBC analyst Hamir Patel lowered the firm's price target on Western Forest to C$2.60 from C$2.90 and keeps an Outperformer rating on the shares.

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WFSTF Western Forest
$1.47 /

-0.1142 (-7.23%)

05/19/21 Scotiabank
Western Forest price target raised to C$2.75 from C$2.50 at Scotiabank
05/11/21 CIBC
Western Forest price target raised to C$2.90 from C$2.50 at CIBC
05/07/21 RBC Capital
Western Forest price target raised to C$2.75 from C$2.25 at RBC Capital
05/06/21 Raymond James
Western Forest price target raised to C$2.50 from C$2.35 at Raymond James

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