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Fly News Breaks for March 14, 2019
CLW
Mar 14, 2019 | 08:42 EDT
DA Davidson analyst Steven Chercover lowered his price target on Clearwater Paper to $44 after its Q4 results, saying that while its EBITDA exceeded guidance, the cost overrun of the Shelby tissue expansion project and the delays in its production start were disappointing. The analyst is keeping his Buy rating on Clearwater Paper longer term, noting that its assets are "some of the most undervalued across our universe" and its profitability and cash flow should improve in the coming years after a "transitional" 2019.
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