Goldman Sachs Upgraded Domtar Corp (UFS) to Conviction Buy
UFS Hot Sheet
Rating Summary:5 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgraded Domtar Corporation (NYSE: UFS) from Neutral to the Conviction Buy List and raised their price target from $63 to $82.
The firm cited rising pulp prices, tightening uncoated freesheet markets, stronger EPS and free cash flow outlook, and an attractive 4.6X 2010 EBITDA multiple.
The firm cited rising pulp prices, tightening uncoated freesheet markets, stronger EPS and free cash flow outlook, and an attractive 4.6X 2010 EBITDA multiple.
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