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RBC Cuts Price Target on AbitibiBowater (ABH) to $0.50

February 11, 2009 11:06 AM EST
ABH Hot Sheet
Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 7 | New: 18
RBC Capital lowers its price target on AbitibiBowater (NYSE: ABH) from $2 to $0.50. The firm maintains its Sector Perform rating.

Shares of Abitibi are currently up 3.33% to $0.62.

AbitibiBowater, Inc. produces a range of newsprint, commercial printing papers, market pulp, and wood products.

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