Raymond James downgraded West Fraser Timber (WFG) to Market Perform from Outperform with a price target of $75, down from $85. Building materials are expected to see a near-term EBITDA inflection driven by stronger lumber pricing, high utilization, and firm demand, with several producers likely to beat consensus, though seasonal price softening and macro uncertainty are expected to weigh on sentiment, the analyst tells investors in a research note.
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