Schweitzer-Mauduit International Inc. (SWM) Maintains An Outperform Rating
January 06, 2010 10:33 AM
Analysts at Oppenheimer continue to remain positive on the Schweitzer-Mauduit International Inc. (NYSE: SWM) stock. Analysts have maintained an Outperform rating for the Schweitzer-Mauduit stock. Analysts have raised the price target from $75 to $85 for the Schweitzer-Mauduit stock.
According to the analyst report, Schweitzer-Mauduit management estimates US/Global LIP (low ignition propensity paper, for cigarettes) could increase to 14K MT/17.6K MT in 2010, helped by full US adoption and its introduction in Australia and Finland.
The Philippines RTL (reconstituted tobacco leaf) plant is on track for a 2011 completion. The China RTL JV could be formed in 2Q10 and begin production in 3Q12 according to the report. Analysts believe its 30K Mt capacity could be doubled to support China’s growth. Analysts at Oppenheimer believe EPS of greater than $10 could be likely in 2012.
