RBC Capital Maintains Outperform on West Fraser Timber, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Quinn has maintained an 'Outperform' rating on West Fraser Timber (NYSE:WFG), but lowered the price target from $100 to $95.
October 30, 2023 | 4:42 pm
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NEUTRAL IMPACT
West Fraser Timber's price target has been lowered from $100 to $95 by RBC Capital, though the 'Outperform' rating is maintained.
The news directly pertains to West Fraser Timber as RBC Capital has lowered its price target for the company. However, the 'Outperform' rating is maintained, indicating that the analyst still expects the stock to outperform the market. This could have a neutral impact on the stock's price in the short term as the lowered price target might be offset by the maintained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100