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National Bank downgrades Stella-Jones to sector perform from outperform, but raises target C$1 to C$54, noting recent share price rally; earnings have been better than expected on strong pole growth and resilient tie demand, but 'easy money' has been made
Published: January 17, 2023 by Canada StockWatch
Tuolumne Biomass eyes US$14.6M in federal funding towards proposed facility in northern California; it expects to sell 2,000 tons/year of wood chips to Jamestown bioenergy plant, bark to Sierra Pacific Industries, poles made on site for agricultural use
Published: January 05, 2023 by Financial Services Monitor Worldwide
Great Southern Wood Preserving to invest US$5.9M increasing capacity at Mansura, Louisiana, lumber facility; installation of four new production lines will allow for manufacturing of components used in the oil field and for storm relief and mitigation
Published: December 27, 2022 by States News Service
Waste Connections acquires construction, demolition recycler Trojan Recycling as part of its Massachusetts expansion; Trojan operates out of Brockton, a city south of Boston, and can handle up to 500 tons/day, including wood, metals, paperboard, concrete
Published: December 07, 2022 by Waste Dive
CIBC reiterates Stella-Jones at outperformer and raises target C$5 to C$54 on higher estimated 2023 EV/EBITDA valuation; pole margins expected to benefit from increased demand for wider poles, customer adoption of SJ’s wrapped poles in fire-prone areas
Published: November 30, 2022 by CIBC World Markets Inc.

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