West Fraser Timber price target lowered to $109 from $120 at Scotiabank

Scotiabank lowered the firm’s price target on West Fraser Timber (WFG) to $109 from $120 and keeps an Outperform rating on the shares. While the Trump tariffs may not be helpful for Canadian lumber demand over time, the same should not be said for equities, the analyst tells investors. Canadian lumber majors will likely benefit from their portfolio exposure to U.S. mill capacity.