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Scotiabank lowered the firm’s price target on West Fraser Timber (WFG) to $100 from $109 and keeps an Outperform rating on the shares. While the firm maintains a preference for the company, Scotiabank’s enthusiasm for the sector has taken a step back, the analyst tells investors. The firm has two concerns with the Trump tariffs, namely: the potential economic impact in Canada and the potential impact of inflation on lumber demand in the U.S.
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