Raymond James analyst Christian Reiter initiated coverage of Stella-Jones (STLJF) with an Outperform rating and C$100 price target The firm sees a “compelling re-rating opportunity” as the company transitions from a “mature wood-products consolidator into a diversified platform supporting the next wave of utility-infrastructure modernization.” It believes Stella-Jones will enter an acquisitive phase, driving a multi-year expansion in transmission and distribution spending.
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