Raymond James upgraded West Fraser Timber (WFG) to Outperform from Market Perform with a price target of $75, up from $70. Forest Products likely bottomed in 2025 after a four-year downturn, leaving equities deeply discounted and setting up rising alpha potential as 2026 shapes up as a reset year, the analyst tells investors in a research note. Tightening lumber and OSB supply, constrained capacity growth, and low valuations skew risk/reward to the upside despite near-term housing concerns, the firm says.
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Read More on WFG:
- West Fraser Writes Off U.S. Lumber Goodwill and Sets 2026 Operating Targets
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