CIBC Upgrades Interfor (IFP) to “Outperform”

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

A number of other brokerages have also commented on IFP. TD Securities upgraded Interfor from a “buy” rating to an “action list buy” rating and set a C$31.00 price target on the stock in a report on Tuesday, August 7th. BMO Capital Markets dropped their price target on Interfor from C$24.00 to C$18.00 in a report on Friday, October 19th.

Shares of Interfor stock opened at C$16.58 on Monday. Interfor has a 12 month low of C$13.82 and a 12 month high of C$27.27.

In other news, insider Ian Fillinger bought 2,500 shares of the stock in a transaction on Tuesday, September 25th. The shares were purchased 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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