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Fly News Breaks for July 8, 2016
UFS
Jul 8, 2016 | 08:03 EDT
As noted earlier, DA Davidson downgraded Domtar to Underperform from Neutral. As reasons for the downgrade, the firm cited reports of freesheet price hikes failing to stick, a delay in the launch of a Domtar fluff line, and potential weakness in European personal care sales in the wake of Brexit. Target to $30 from $42.
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