KeyBanc analyst Adam Josephson says the issues that drove Clearwater Paper's negative pronouncement last night, namely higher maintenance outage costs, delayed shipments and higher transportation costs related to the recent hurricanes and higher than expected pulp prices do not bode well for the company's Q4 either. Consensus estimates for the company have been consistently declining and will continue to do so, Josephson told investors last night in a research note. He believes Clearwater's trends remains challenging and keeps a Sector Weight rating on the name. The stock in early trading is down 10% to $45.25.