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Fly News Breaks for February 10, 2020
UFS
Feb 10, 2020 | 09:22 EDT
DA Davidson analyst Steven Chercover lowered his price target on Domtar to $46 after its disappointing Q4 pre-announcement, noting that the company operating efficiencies were hampered by the "market related downtime to manage inventories". The analyst still keeps his Buy rating however and cites Domtar's free cash flow generation as well as "aggressive" stock buybacks, but acknowledges that he likely got bullish "too early".
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