RBC Capital analyst Matthew McKellar lowered the firm’s price target on Interfor (IFSPF) to C$17 from C$19 and keeps an Outperform rating on the shares. The firm believes the company’s recent equity issuance puts it on “more solid footing to navigate challenging near-term conditions” in the lumber market. It views the shares as inexpensive at current levels.
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Read More on IFSPF:
- Interfor resumed with a Hold at TD Securities
- Interfor Closes $144 Million Bought Deal Offering
- Interfor price target lowered to C$12 from C$14 at CIBC
- Interfor Launches $125 Million Share Offering to Bolster Financial Flexibility
- Interfor Announces Temporary Lumber Production Cut Amid Market Uncertainty