Canfor upgraded to Strong Buy from Outperform at Raymond James

Raymond James analyst Daryl Swetlishoff upgraded Canfor to Strong Buy from Outperform with a price target of C$25, up from C$23. Declining net debt levels are poised to backstop positive balance sheet and valuation implications, augmenting ample financial flexibility, and Canfor also offers compelling value in light of historically cheap valuation dynamics, the analyst tells investors in a research note.