Market Overview

UPDATE: Morgan Stanley Maintains Equal-Weight on Fibria Celulose; Raises PT from $7.90 to $8.40

Share:

Morgan Stanley maintained an Equal-Weight rating on Fibria Ceiulose SA (NYSE: FBR) and raised its price target from $7.90 to $8.40.

Morgan Stanley commented, “FBR printed a good set of numbers. Mgmt working diligently to improve FBR's balance sheet, but after the follow-on and asset sales (one more to close), further deleveraging depends mainly on pulp prices – which we expect will fall in the coming months. Reiterate EW rating, but PT up to $8.4/ADR.”

Fibria Celulose closed at $7.61 on Thursday.

 

Related Articles (FBR)

View Comments and Join the Discussion!

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
MRVLCFRAMaintains35.0
CSIQCFRAUpgrades22.0
MGNXSVB LeerinkMaintains27.0
EVCFRAMaintains43.0
RCUSSVB LeerinkReiterates42.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com