Interfor upgraded to Outperform from Sector Perform at Scotiabank

Scotiabank analyst Ben Isaacson upgraded Interfor (IFSPF) to Outperform from Sector Perform with a price target of C$14, up from C$13. The firm sees value in the forestry space, saying the group trades at 20% to 40% below mid-cycle fair values, with EBITDA set to improve through 2027. Lumber names should rally through spring, the analyst tells investors in a research note.