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DA Davidson Starts Glatfelter (GLT) at Buy; Beyond Paper, There Is An Emerging Growth Story

April 12, 2012 10:53 AM EDT
Get Alerts GLT Hot Sheet
Price: $2.00 +5.26%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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DA Davidson initiates coverage on Glatfelter (NYSE: GLT) with a Buy. PT $22.00.

Analyst, Steven Chercover, said, "Glatfelter has seen its most rapid growth in the past six years as it effectively doubled the size of the company through four strategic acquisitions which enhanced the firm’s existing Specialty Papers and Composite Fibers businesses and created a new Advanced Airlaid Materials segment...Glatfelter is expanding production capacity in the growing tea & coffee and feminine hygiene products markets to take advantage of growing demand from a rising global middle class."

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

Shares of Glatfelter closed at $15.47 yesterday.


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