RBC Capital has decided to maintain its Outperform rating of Mercer Intl MERC and raise its price target from $17.00 to $20.00.
Shares of Mercer Intl are trading down 2.05% over the last 24 hours, at $15.82 per share.
A move to $20.00 would account for a 26.43% increase from the current share price.
About Mercer Intl
Mercer International Inc operates in the pulp business and its operations are in Germany and Western Canada. The company is a producer of market northern bleached softwood kraft, or NBSK, pulp in the world. It is managed based on the primary products it manufactures: Pulp and Wood products. Mercer derives most of its revenue from the Pulp products.
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