KeyBanc Starts Clearwater Paper (CLW) at Sector Weight

November 29, 2016 4:44 PM EST
Get Alerts CLW Hot Sheet
Price: $65.75 --0%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 19 | New: 6
Trade CLW Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

KeyBanc initiated coverage on Clearwater Paper (NYSE: CLW) with a Sector Weight rating. Analyst Adam Josephson sees little upside.

"CLW has had difficulty generating organic EBITDA growth in recent years primarily on account of weak industry fundamentals. The absence of EBITDA growth has been partly the result of declining prices in both of CLW’s businesses. SBS prices have been under pressure partly on account of a strong U.S. dollar and capacity additions in Europe, while the tissue market has ample capacity as well (industry operating rates have been declining for the past four years). We do not expect industry conditions to improve in 2017, particularly given the recent strength in the dollar (which is not good for North American SBS producers), and therefore do not see much, if any, upside to estimates or the multiple," said the analyst.

For an analyst ratings summary and ratings history on Clearwater Paper click here. For more ratings news on Clearwater Paper click here.

Shares of Clearwater Paper closed at $63.45 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View, New Coverage

Related Entities

KeyBanc

Add Your Comment