Market Overview

UPDATE: BMO Capital Markets Raises PT to $7.50 on Fibria Celulose on Brazilian Currency Appreciation

Share:

BMO Capital Markets reiterated its Underperform rating on Fibria Celulose (NYSE: FBR) with a Underperform and raised the price target from $6.00 to $7.50.

BMO Capital Markets commented, "We are raising our Fibria earnings estimates to allow for our expected drop in the Brazilian Real versus the U.S. dollar. … We expect an extended price war in eucalyptus pulp owing to new pulp supply. Over the November 2012 to October 2013 period, there is 4.2 million tpy eucalyptus pulp starting up in Brazil."

Fibria Celulose closed at $12.61 on Tuesday.

Latest Ratings for FBR

DateFirmActionFromTo
Jan 2018Goldman SachsDowngradesNeutralSell
Dec 2017Credit SuisseDowngradesOutperformNeutral
Aug 2017CitigroupUpgradesNeutralBuy

View More Analyst Ratings for FBR
View the Latest Analyst Ratings

 

Related Articles (FBR)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
MEOHScotiaBankUpgrades
PLNTRaymond JamesDowngrades
EVRGEvercore ISI GroupUpgrades69.0
WWWKeyBancMaintains31.0
SPTKeyBancMaintains33.0
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