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.
News For UFS From The Last 14 Days
Check below for free stories on UFS the last two weeks.
Domtar downgraded to Neutral from Buy at Goldman Goldman Sachs downgraded Domtar to Neutral citing weaker than expected uncoated freesheet pricing. The firm lowered its price target for shares to $38 from $56.
Domtar sees paper volumes declining The company stated, "Our paper volumes are expected to decline with market demand while global softwood pulp markets are expected to remain balanced. The ramp-up of the new production lines are expected to positively impact the Personal Care business results towards the end of the year. Input costs are expected to stay relatively stable for 2H14."