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Fly News Breaks for August 13, 2018
UFS
Aug 13, 2018 | 09:03 EDT
BMO Capital analyst Mark Wilde raised his price target on Domtar to $52 despite its Q2 earnings miss, saying the paper markets have tightened and the pulp prices are at "very healthy levels". The analyst is also positive on the company's high cash flow generation and strong balance sheet. Wilde keeps his Market Perform rating on Domtar however, noting that its personal care segment remains challenged amid higher input costs and difficult market conditions in diapers.
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