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Fly News Breaks for January 31, 2020
RFP
Jan 31, 2020 | 06:50 EDT
RBC Capital analyst Paul Quinn upgraded Resolute Forest to Outperform from Sector Perform with a price target of $5, up from $4.50. The analyst notes that while the company has missed on Q4 earnings, as lower-than-expected Pulp, Wood Product, and Specialty Paper results weighing on the quarter, he sees the current valuation as "attractive" for an entry point considering that many of its end markets are near their cyclical lows.
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