Goldman Sachs Lits Numbers On Schweitzer-Mauduit (SWM), Keeps Neutral Rating

Goldman Sachs raised estiamtes and its price target on Neutral-rated Schweitzer-Mauduit (NYSE: SWM) from $55 to $61 after factoring in the buyback initiative and the recent pullback in pulp prices into our forecasts.

The firm raised 2H2011and 2012-2013 EPS estimates to $3.22, $6.70, $6.90 from $2.99, $6.00, $6.20, respectively.

For more ratings news on Schweitzer-Mauduit click here and for the rating history of Schweitzer-Mauduit click here.

Shares of Schweitzer-Mauduit closed at $56.28 yesterday.

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