Market Overview

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Domtar

Related UFS
Benzinga's Top Upgrades, Downgrades For May 2, 2018
The Market In 5 Minutes: Apple, Xerox, Buffett, Mueller And More

In a report published Friday, BMO Capital Markets reiterated its Outperform rating on Domtar (NYSE: UFS), but lowered its price target from $115.00 to $110.00.

BMO Capital noted, “Domtar reported Q3/12 EPS from operations of $1.87 compared to the First Call Mean of $1.67 and our forecast of $1.64. Operating profit was $109 million versus our estimate of $101 million owing to higher-than-anticipated paper shipments. We had included an allowance for weak markets in July and August. Attends tissue profits were $12 million, unchanged from Q2/12. During Q3/12, Domtar purchased 578,328 shares at an average price of $75.42/share for a total of $46.3 million. On the negative side, we are concerned about weakness in pulp and paper demand in off-shore markets and have lowered our estimates accordingly.”

Domtar closed on Thursday at $79.81.

Latest Ratings for UFS

May 2018CitigroupMaintainsSellSell
May 2018DA DavidsonUpgradesUnderperformNeutral
Apr 2018Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for UFS
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings


Related Articles (UFS)

View Comments and Join the Discussion!