UBS Raises PT on Buckeye Technologies (BKI) After Meeting With Management

UBS maintains a 'Buy' on Buckeye Technologies (NYSE: BKI) price target raised from $32 to $35.

UBS analyst says, "BKI's high-end wood specialty dissolving pulp business is holding up with BKI oversold for calendar 2012. Management still expects double-digit price increases when contracts reset in Jan. We assume this benefit will largely be offset by falling fluff pulp pricing. With both BKI and RYN adding high end dissolving capacity in 2013, we expect pricing to stabilize in 2013 and see some risk for 2014. While not alarmed, management is seeing a modest slowing in LCD demand currently and also notes some softness in European nonwovens (at least partially seasonal)."

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

Shares of Buckeye Technologies closed at $31.32 yesterday.

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