July 22, 2015 / 3:11 PM / in 2 years

BUZZ-West Fraser Timber: Set for worst day in over 3 yrs on weak results

** Canadian wood products maker down 6.3 pct at C$62.19, on track for worst day since October 2011

** Stock’s fall for the seventh session in a row wipes out all gains year-to date

** West Fraser on Tuesday reported lower-than-expected Q2 profit and sales

** Company says results were hurt by slightly stronger C$, sharp fall in U.S. lumber prices and higher inventory writedowns

** 4 of 7 analysts covering the stock rate it “buy” or higher and 3 “hold”; their median PT is C$75 - both unchanged in the past 90 days

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below