TD Securities Upgrades Domtar (UFS) to Buy; Valuation Call After Recent Decline
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Price: $55.49 --0%
Rating Summary:
8 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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TD Securities upgraded Domtar (NYSE: UFS) from Hold to Buy with a price target of $105.00.
Analyst, Sean Steuart, said, "We are upgrading our recommendation on Domtar to BUY based on recent share price weakness and our view that mid-term pulp and uncoated freesheet commodity price risk is now fully reflected in the company’s valuation."
NOTE - since the beginning of April, shares have fallen from $100 to around $80.
For an analyst ratings summary and ratings history on Domtar click here. For more ratings news on Domtar click here.
Shares of Domtar closed at $79.11 yesterday.
Analyst, Sean Steuart, said, "We are upgrading our recommendation on Domtar to BUY based on recent share price weakness and our view that mid-term pulp and uncoated freesheet commodity price risk is now fully reflected in the company’s valuation."
NOTE - since the beginning of April, shares have fallen from $100 to around $80.
For an analyst ratings summary and ratings history on Domtar click here. For more ratings news on Domtar click here.
Shares of Domtar closed at $79.11 yesterday.
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