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Fly News Breaks for April 20, 2018
CLW
Apr 20, 2018 | 07:29 EDT
RBC Capital analyst Paul Quinn lowered his price target on Clearwater Paper to $35 after lower than expected Q1 earnings and Q2 guidance. Quinn says that despite the "stable-to-strengthening" conditions in pulp and paperboard market, Clearwater Paper faces "significant headwinds due to the uncertainty of the tissue market", along with its high leverage and capital expenditures. The analyst keeps his Sector Perform rating on Clearwater Paper.
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