TD Cowen analyst has maintained their bullish stance on CFPZF stock, giving a Buy rating on April 23.
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analyst has given his Buy rating due to a combination of factors, including improving earnings momentum and a solid financial position that supports future growth. Canfor’s latest quarter exceeded both internal and Street expectations, aided by firmer North American lumber prices and higher sawmill utilization, indicating that results are already recovering from cyclical lows.
The company’s North American operations are running more efficiently after meaningful capacity rationalization, positioning Canfor to benefit disproportionately as demand normalizes, even as European operations remain a headwind. At the same time, robust liquidity, moderate leverage and a planned reduction in capital spending provide flexibility to navigate near-term challenges, underpinning confidence in the sustainability of earnings and supporting the unchanged $16.00 target price alongside the Buy rating.
In another report released on April 23, Raymond James also maintained a Buy rating on the stock with a C$17.00 price target.