Raymond James downgraded West Fraser Timber (WFG) to Market Perform from Outperform with a price target of C$75, down from C$90. 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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