Eye on Equities- Canfor Pulp
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EYE ON EQUITIES / STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN
Friday, March 23, 2012
Canfor Pulp Products Inc. (CFX-TSX)
Close: $14.65, down 5¢
Fresh statistics on the pulp and paper industry show a marked improvement in fundamentals, making for an opportune time to buy stock in Canfor Pulp Products Inc., suggests Raymond James analyst Daryl Swetlishoff. The Pulp & Paper Products Council stats for February showed higher operating rates in the industry and lower inventories, largely thanks to strong shipments to China.
Upside: Mr. Swetlishoff raised his price target by $2 to $19.