Canfor Reducing Production Capacity in British Columbia Through End of 2022; Production Capacity Will Be Reduced Through a Two-Week Curtailment Beginning Sept 26; Production Capacity Will Be Reduced Through 2-Week Curtailment Beginning Sept 26 at Majority of Solid Wood Facilities in BC, Will Be Followed by Resumption of Reduced Operating Schedules Until End 2022; This Is Expected to Result in a Reduction of Approximately 200M Bd Feet of Production Capacity; Canfor emporarily Curtailing Production in BC Due to Reduced Market Demand
Expected Major Events for Tuesday
05:00/JPN: Aug Convenience Store Sales
06:00/GER: Aug PPI
09:00/ITA: Jul Balance of Payments
10:00/UK: Aug Aluminium Production report
12:30/CAN: Aug CPI
12:30/US: Aug New Residential Construction - Housing Starts and Building Permits
12:55/US: 09/17 Johnson Redbook Retail Sales Index
20:30/US: 09/16 API Weekly Statistical Bulletin
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Expected Earnings for Tuesday
Apogee Enterprises Inc (APOG) is expected to report $0.83 for 2Q.
Aurora Cannabis Inc (ACB,ACB.T) is expected to report for 4Q.
FTI Consulting (FCN) is expected to report $2.00 for 4Q.
IsoRay (ISR) is expected to report $-0.02 for 4Q.
Orbit Garant Drilling is expected to report for 4Q.
Rave Restaurant Group Inc (RAVE) is expected to report for 4Q.
Schmitt Industries (SMIT) is expected to report for 4Q.
Silver Bull Resources is expected to report for 3Q.
Stitch Fix Inc (SFIX) is expected to report $-0.63 for 4Q.
Unico American (UNAM) is expected to report for 2Q.
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ANALYST RATINGS ACTIONS
Acadia Realty Trust Raised to Buy From Neutral by Citigroup
Adobe Cut to Equal-Weight From Overweight by Wells Fargo
Adobe Cut to Hold From Buy by Edward Jones
Array Technologies Raised to Overweight From Neutral by Piper Sandler
Clearway Energy Cut to Neutral From Buy by B of A Securities
DR Horton Raised to Overweight From Sector Weight by Keybanc
EQT Corp Raised to Outperform From Market Perform by BMO Capital
Essex Property Cut to Neutral From Buy by Mizuho
Essex Property Raised to Buy From Neutral by Citigroup
Heico Raised to Buy From Hold by Jefferies
Hudson Pacific Properties Cut to Neutral From Buy by Citigroup
Huntsman Cut to Sector Perform From Outperform by RBC Capital
Innovative Indl Props Raised to Buy From Neutral by Compass Point
KB Home Raised to Sector Weight From Underweight by Keybanc
Kilroy Realty Cut to Neutral From Buy by Citigroup
Kite Realty Group Trust Raised to Buy From Neutral by Citigroup
Larimar Therapeutics Raised to Outperform From Market Perform by William Blair
Lennar Raised to Overweight From Underweight by Keybanc
Meritage Raised to Overweight From Sector Weight by Keybanc
NCR Cut to Equal-Weight From Overweight by Morgan Stanley
NetApp Cut to Neutral From Positive by Susquehanna
Netflix Raised to Outperform From Perform by Oppenheimer
PulteGroup Raised to Overweight From Sector Weight by Keybanc
Retail Opp Investment Cut to Neutral From Buy by Citigroup
Super Micro Cut to Neutral From Positive by Susquehanna
Toll Brothers Raised to Sector Weight From Underweight by Keybanc
TopBuild Raised to Overweight From Sector Weight by Keybanc
UDR Inc Cut to Neutral From Buy by Mizuho
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
09-20-22 0552ET
