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Fly News Breaks for March 13, 2019
CLW
Mar 13, 2019 | 09:03 EDT
RBC Capital analyst Paul Quinn lowered his price target on Clearwater Paper to $29 and kept his Sector Perform rating, saying that in spite of its improved tissue segment performance, he has a "cautious" near term outlook on the shares. The analyst cites "decreased earnings visibility" and a budget increase of over $30M for its Shelby 2 tissue machine, in addition to the softening solid bleach sulfate market and building supply issues, in justifying his price target revision.
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