Raymond James analyst Daryl Swetlishoff upgraded West Fraser Timber (WFG) to Strong Buy from Outperform with a price target of $120, up from $105, ahead of the Q2 earnings report on July 26. The firm highlights the company’s attractive value proposition given the lag to U.S.-based panel producer Louisiana Pacific (LPX) over the past three months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WFG: