Western Forest price target lowered to C$12.50 from C$13.50 at Raymond James

Raymond James analyst Daryl Swetlishoff lowered the firm’s price target on Western Forest (WFSTF) to C$12.50 from C$13.50 and keeps a Market Perform rating on the shares. 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.