Oppenheimer Maintains Schweitzer-Maudit International (SWM)

Oppenheimer maintained its Schweitzer-Maudit International (NYSE: SWM) Perform rating in a research report published today.

In the report, Oppenheimer states, "4Q10 adjusted EPS of $1.06 beat our/Street estimates of $0.96/$1.00. The beat was overshadowed by SWM's announcement that it will scotch its partially-built Philippines RTL plant, and pursue a smaller China RTL JV. The company introduced 2011 EPS guidance of "at least $5/share"."

Shares of Schweitzer-Maudit International were at $59.95 at the time of posting in after hours trading, reflecting no change from Wednesday's market close.