Interfor upgraded to Strong Buy from Outperform at Raymond James

Raymond James upgraded Interfor (IFSPF) to Strong Buy from Outperform with a price target of C$14, up from C$12. Forest Products likely bottomed in 2025 after a four-year downturn, leaving equities deeply discounted and setting up rising alpha potential as 2026 shapes up as a reset year, the analyst tells investors in a research note. Tightening lumber and OSB supply, constrained capacity growth, and low valuations skew risk/reward to the upside despite near-term housing concerns, the firm says.