Raymond James downgraded Canfor (CFPZF) to Outperform from Strong Buy with a price target of C$19, down from C$22. The firm believes a possibly large tariff on lumber remains the most probable scenario. In addition, the North American lumber market fasces cyclical and seasonal supply/demand headwinds, the analyst tells investors in a research note. The firm downgraded three names as part of Q2 earnings preview.
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