As reported earlier, RBC Capital analyst Paul Quinn downgraded Clearwater Paper to Sector Perform from Outperform while also raising his price target to $35 from $30. The analyst notes that the company has shored up its near-term leverage concerns with the sale of the Ladysmith mill and the funding of the Shelby expansion and is also positive on the price hikes in tissue and the expected increases in solid bleached sulphate. However, Quinn also cites the recent share price recovery that brings Clearwater Paper stock to reasonable value along with its remaining headwinds of "strong competition" in tissue.