Domtar downgraded to Sell from Neutral at Citigroup (yesterday) Citigroup downgraded Domtar yesterday to Sell citing the recent rally in shares and earnings risk from the announced paper price hikes. Citi lowered its price target for shares to $90 from $106.
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.