Canfor downgraded to Underperform from Sector Perform at Scotiabank
Scotiabank analyst Ben Isaacson downgraded Canfor (CFPZF) to Underperform from Sector Perform with a price target of C$15, down from C$19. Steep, unwarranted, and punishing U.S. tariffs on Canadian imports have brought another material economic risk to Canada’s already-declining softwood lumber industry,