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Fly News Breaks for May 2, 2019
UFS
May 2, 2019 | 08:02 EDT
As previously reported, DA Davidson analyst Steven Chercover upgraded Domtar to Buy with an unchanged price target of $57 after its "modest" Q1 earnings beat and "substantially" better than projected margins. The analyst also attributes the upgrade to his "optimism" in freesheet following the removal of 8% of domestic uncoated freesheet capacity during Q1, which "tightened markets substantially."
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