West Fraser Timber price target lowered to $98 from $99 at TD Securities

TD Securities lowered the firm’s price target on West Fraser Timber (WFG) to $98 from $99 and keeps a Buy rating on the shares. The firm says that while the company’s Q1 results were above expectations, it trimmed estimates through 2026 horizon to reflect lower shipment volume forecasts. Macro uncertainty and questions around U.S. access tied to the Section 232 investigation have weighed on sentiment, but West Fraser’s balance sheet and “diverse platform mitigate risk,” the analyst tells investors in a research note.