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Fly News Breaks for November 2, 2015
MERC
Nov 2, 2015 | 07:24 EDT
Credit Suisse upgraded Mercer to Outperform and increased its price target to $15 from $14 on shares. Analyst Andrew Kuske said Mercer easily beat Q3 estimates driven by FX and lower operating costs. Kuske says Mercer has favorable NBSK exposure balanced by stable and high margin cash flows from the power business.
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