RBC Capital Maintains Outperform on West Fraser Timber, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Quinn has maintained an Outperform rating on West Fraser Timber (NYSE:WFG) but has reduced the price target from $95 to $90.
December 19, 2023 | 3:18 pm
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RBC Capital analyst reaffirms Outperform rating on West Fraser Timber but lowers price target to $90 from $95.
The reduction in price target by RBC Capital could have a mixed impact on West Fraser Timber's stock price. While the Outperform rating reaffirms confidence in the company's prospects, the lowered price target may suggest a more conservative outlook on the stock's valuation, which could lead to short-term price volatility as investors adjust their expectations.
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