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Interfor (TSE:IFP – Get Free Report) had its target price reduced by equities research analysts at CIBC from C$24.00 to C$22.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 21.21% from the stock’s […]
Interfor (TSE:IFP – Get Free Report) had its price objective reduced by analysts at Scotiabank from C$29.00 to C$26.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 43.25% from the stock’s […]
Interfor has announced plans to reduce its lumber production by approximately 175 million board feet between May and September of 2024, representing just under 10% of its normal operating stance. The temporary curtailments will impact all of Interfor’s operating regions, including the US South, through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting schedules and extended maintenance shut-downs.
Company announces reduction of 175 million board feet in response to weak market conditions
BURNABY, British Columbia, April 30, 2024 -- INTERFOR CORPORATION today announced plans to reduce its lumber production by approximately 175 million board feet between May and September of 2024,...