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Fly News Breaks for May 8, 2015
MERC
May 8, 2015 | 07:47 EDT
Macquarie upgraded Mercer to Outperform with a $17.50 price target. The firm believes softwood pulp prices are bottoming, providing better visibility into earnings and the company's ability to generate free cash flow. Macquarie believe shares could re-rate if management purse a sustainable dividend in 2H 2015.
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