Canfor (CFP) PT Lowered to C$23.00 at CIBC

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Canfor (TSE:CFP) had its price target cut by CIBC from C$25.00 to C$23.00 in a report released on Monday.

CFP has been the topic of several other reports. TD Securities boosted their target price on Canfor from C$41.00 to C$42.00 and gave the stock a buy rating in a report on Friday, July 27th. BMO Capital Markets lowered their target price on Canfor from C$27.00 to C$22.00 in a report on Friday, October 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Canfor currently has a consensus rating of Buy and a consensus target price of C$33.00.

TSE:CFP opened at C$18.91 on Monday. Canfor has a 12 month low of C$18.27 and a 12 month high of C$34.04.

About Canfor

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells remanufactured and finger-jointed lumber, engineered wood products, wood chips, wood pellets, and logs, as well as produces green energy.

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