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Fly News Breaks for February 6, 2019
UFS
Feb 6, 2019 | 07:22 EDT
RBC Capital analyst Paul Quinn downgraded Domtar to Sector Perform but also raised his price target to $55 from $50. The analyst says he is positive on the company's uncoated free-sheet and pulp market amid reduced competition, but also cites the recent run-up in its stock price. In spite of continued incremental upside possibility, Quinn says he is comfortable with a more neutral rating on Domtar given its valuation.
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