Lumber (CC) And Lumber Diffusion Index (DI):
Headline: Time for timber to shine?
Looking for a sector that could benefit from a potential rebound in the housing market south of the border?
Wood products may just fit that bill, and Desjardins Securities Inc. analyst Pierre Lacroix Thursday upgraded a handful of names to reflect his view that profitability will get better heading into 2012.
"We believe that the investment outlook for wood products over the next two to three years is very compelling," he wrote in a note.
A number of these stocks have already seen a strong run-up. But Mr. Lacroix believes that lumber prices may encounter some softness in the near term, creating a buying opportunity further down the road.
Source: theglobeandmail.com
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