Deutsche Bank Upgrades Domtar (UFS) to Buy
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Deutsche Bank upgrades Domtar (NYSE: UFS) from Hold to Buy.
Deutsche analyst says, "We are boosting our rating from Hold to Buy based on our view that Domtar's financial performance is nearing an inflection point and that EBITDA & net earnings should see meaningful improvement over the next 3-4 qtrs. We are trimming our '09 EPS loss from -$3.60/share to -$2.68 and shifting our 2010 loss from -$1.20 to EPS of $0.50/share."
To see more analyst ratings on UFS Click Here
Domtar Corporation engages in designing, manufacturing, marketing, and distributing uncoated freesheet paper; papergrade, fluff, and specialty pulp; and lumber and wood products in North America.
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