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UPDATE: Goldman Sachs Downgrades Domtar to Neutral on Valuation

Related UFS
UPDATE: Bank Of America Upgrades Domtar
Benzinga's Top Downgrades

Goldman Sachs downgraded Domtar Corporation (NYSE: UFS) from Buy to Neutral and maintained an $89.00 price target.

Goldman Sachs said, "We downgrade Domtar shares to Neutral from Buy given we no longer expect producers will be able to implement a mid-year uncoated freesheet (UCFS) price hike, and as result we have reduced our 2013 EPS estimate for Domtar by 21%, and valuation now appears reasonable. In 2012, UCFS prices slipped, despite operating rates of 91%. As we forecast operating rates will be unchanged in 2013, we no longer forecast a mid-year hike. Since mid-May 2012, Domtar is +8% vs. S&P 500 +12%."

Domtar closed at $83.26 on Monday.

Latest Ratings for UFS

DateFirmActionFromTo
Sep 2014BMO CapitalInitiates Coverage onOutperform
Sep 2014BMO CapitalInitiates Coverage onOutperform
Aug 2014Bank of AmericaUpgradesUnderperformBuy

View More Analyst Ratings for UFS
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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