Raymond James Financial, Inc. Raises Western Forest Products Inc (WEF) Price Target to C$3.50

Western Forest Products Inc (TSE:WEF) had its price target raised by Raymond James Financial, Inc. from C$3.25 to C$3.50 in a research note released on Friday. They currently have an outperform rating on the stock.

Several other equities analysts have also recently issued reports on WEF. TD Securities boosted their target price on Western Forest Products from C$2.75 to C$3.00 and gave the stock a buy rating in a research report on Friday, August 4th. Scotiabank boosted their target price on Western Forest Products from C$2.45 to C$2.55 and gave the stock an outperform rating in a research report on Thursday, August 3rd. Finally, CIBC cut Western Forest Products from an outperform rating to a neutral rating in a research report on Monday, September 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Western Forest Products currently has a consensus rating of Buy and an average target price of C$2.88.

Shares of Western Forest Products (WEF) opened at C$2.60 on Friday. Western Forest Products has a fifty-two week low of C$1.79 and a fifty-two week high of C$2.84.

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Western Forest Products Company Profile

Western Forest Products Inc is a softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company’s log and lumber products are sold throughout the world.

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