Domtar downgraded to Neutral from Buy at Goldman Goldman lowered the Paper & Forest Prodcucts sector to Neutral and downgraded Domtar as it no longer expects producers to pass through uncoated freesheet price increases and views valuation as reasonable. Price target remains $89.
Domtar rallies after MLP conversion discussion on call Shares of Domtar rallied during the company's earnings conference call as the possibility of a master limited partnership conversation was addressed. Domtar stated that if it feels it would have "something compelling in the marketplace," it could consider the possibility of an MLP. It added, "If there's something there that could create shareholder value, you'll see us doing something or sharing something with the market." Shares of Domtar are up 9% to $39.44 in late morning trading. The call is now over.