In a research note previewing third-quarter financial results for Canadian forestry companies, CIBC World Markets analyst Hamir Patel raised his target for Mercer to $17 (U.S.) from $15 with an “outperformer” rating. Mr. Patel also raised his target prices for following stocks:

Canfor Corp. to $25 from $21. Consensus: $23.38.
Canfor Pulp Products Inc. to $15 from $13. Consensus: $13.35.
Conifex  Timber Inc. to $5 from $4.50. Consensus: $5.06.
Domtar Corp. to $47 (U.S.) from $44. Consensus: $42.36.
Interfor Corp. to $25 from $23. Consensus: $23.92.
Norbord Inc. to $54 from $53. Consensus: $49.98.
Resolute Forest Products Inc. to $6.75 from $5.75. Consensus: $9.82.
West Fraser Timber Co Ltd. to $75 from $67. Consensus: $71.