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Fly News Breaks for January 14, 2020
CLW
Jan 14, 2020 | 06:08 EDT
RBC Capital analyst Paul Quinn upgraded Clearwater Paper to Sector Perform from Underperform with a price target of $20, up from $15. The analyst notes that his prior downgrade was rooted in expectation of continued downward momentum and upcoming negative catalysts, including "execution missteps, a poor acquisition track record, cost overruns, and leverage concerns." However, Quinn sees the company having reduced its downside risk by working past those challenges, having navigated the union negotiations and gotten past peak leverage.
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