Raymond James downgraded West Fraser Timber (WFG) to Outperform from Strong Buy with a price target of $115, down from $120. While current pricing suggests most North American timber baskets are above water, traders are taking a cautious view as near-term market activity remains clouded by potential Trump tariffs and a dysfunctional Canadian government, the analyst tells investors in a research note. The firm sees lower upside availability for West Fraser after reducing its estimates.
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