Western Forest price target raised to C$18 from C$12.50 at Scotiabank

Scotiabank analyst Ben Isaacson raised the firm’s price target on Western Forest (WFSTF) to C$18 from C$12.50 and keeps a Sector Perform rating on the shares. The firm sees value in the forestry space, saying the group trades at 20% to 40% below mid-cycle fair values, with EBITDA set to improve through 2027. Lumber names should rally through spring, the analyst tells investors in a research note.