Interfor (IFP) Upgraded to “Outperform” at CIBC

Interfor (TSE:IFP) was upgraded by equities researchers at CIBC from a “neutral” rating to an “outperform” rating in a report issued on Monday.

Several other equities analysts have also recently weighed in on the company. TD Securities upgraded Interfor from a “buy” rating to an “action list buy” rating and set a C$31.00 price target for the company in a research report on Tuesday, August 7th. BMO Capital Markets reduced their price target on Interfor from C$24.00 to C$18.00 in a research report on Friday, October 19th.

Shares of TSE IFP opened at C$16.58 on Monday. Interfor has a fifty-two week low of C$13.82 and a fifty-two week high of C$27.27.

In other Interfor news, insider Ian Fillinger bought 2,500 shares of Interfor stock in a transaction that occurred on Tuesday, September 25th. The stock was acquired at an average cost of C$18.91 per share, for a total transaction of C$47,275.00.

About Interfor

Interfor Corporation, together with its subsidiaries, produces wood products. The company offers commodity structural lumber products; and specialty products, such as decking and siding products, machine stress rated products, industrial timber products, and various appearance grade items. It also provides wood chips and other residuals.

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