Scotiabank Maintains Sector Outperform on West Fraser Timber, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Ben Isaacson has maintained a Sector Outperform rating on West Fraser Timber and raised the price target from $100 to $120.
October 25, 2024 | 3:12 pm
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POSITIVE IMPACT
Scotiabank has increased its price target for West Fraser Timber from $100 to $120, maintaining a Sector Outperform rating. This suggests confidence in the company's future performance.
The increase in price target from $100 to $120 by Scotiabank indicates a positive outlook on West Fraser Timber's future performance. The maintained Sector Outperform rating suggests that the analyst expects the stock to perform better than its peers, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100