UPDATE: Citigroup Cuts PT to $85 on Domtar on Weaker Commodity Prices
Citigroup reiterated its Neutral rating on Domtar (NYSE: UFS) and reduced its price target from $85 to $81.
Citigroup noted, "We are lowering 2012 EPS estimates by $0.24 as well as estimates for 2013 (-$0.78) and 2014 (-$0.36) based on weaker expected pulp and uncoated freesheet prices, partially offset by stronger Personal Care results. With our updated estimates our target price moves to $81."
Domtar closed at $72.38 on Friday.
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