Deutsche Bank Upgrades Domtar Corp. to Buy (UFS)
Domtar Corp. (NYSE:UFS) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $115.00 price target on the stock, up from their previous price target of $95.00. Deutsche Bank’s target price would indicate a potential upside of 7.07% from the company’s current price.
Shares of Domtar Corp. (NYSE:UFS) opened at 107.41 on Friday. Domtar Corp. has a 52 week low of $65.01 and a 52 week high of $107.87. The stock’s 50-day moving average is $93.88 and its 200-day moving average is $81.89. The company has a market cap of $3.479 billion and a price-to-earnings ratio of 73.08.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Domtar Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a $98.50 price target on the stock. Separately, analysts at Scotiabank downgraded shares of Domtar Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, January 10th. Finally, analysts at Bank of America Corp. downgraded shares of Domtar Corp. from a “buy” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $99.56.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
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