RBC Capital analyst Matthew McKellar raised the price target on Clearwater Paper (NYSE: CLW) to $42.00 (from $41.00) while maintaining a Sector Perform rating.

The analyst comments "Clearwater reported Q124 Adjusted EBITDA of $61.5MM, somewhat above our estimate of $57.5MM and near the top end of management's guidance range of $53-63MM. We reiterate our Sector Perform rating but have increased our price target to $42/share on the back of solid operating momentum and improving paperboard markets."