Close

UPDATE: RBC Capital Upgrades Mercer International (MERC) to Outperform

January 31, 2022 4:15 AM EST
Get Alerts MERC Hot Sheet
Price: $11.94 -3.55%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 58
Join SI Premium – FREE
(Updated - January 31, 2022 7:19 AM EST)

RBC Capital analyst Paul Quinn upgraded Mercer International (NASDAQ: MERC) from Underperform to Outperform with a price target of $15.00 (from $8.00).

The analyst commented, "When we moved Mercer to Underperform in October, our thesis was underpinned by a negative pulp market outlook in both the short and medium term. Since then, the outlook for pulp has markedly improved in the short-term due to signi´Čücant supply disruptions and the medium-term is also looking better due to the delayed start-up of new capacity. We also expect Mercer to see unusual one-time gains from European power prices and a repeat of strong lumber prices. Given the attractive near-term setup, we are increasing our rating to Outperform.

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

Shares of Mercer International closed at $11.15 yesterday.


You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Hot Upgrades, Upgrades

Related Entities

RBC Capital