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Fly News Breaks for August 1, 2018
UFS
Aug 1, 2018 | 14:00 EDT
As previously reported, KeyBanc analyst Adam Josephson upgraded Domtar to Sector Weight from Underweight, stating that he expects consensus estimates to come down and be more appropriate following the Q2 earnings miss. The shares no longer appear particularly overvalued given the pullback that has followed the Q2 miss, added Josephson, who still sees pulp and N.A. uncoated freesheet industry conditions at a peak but is unsure about precisely when they will weaken.
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