As previously reported, TD Cowen analyst Sean Steuart downgraded Clearwater Paper (CLW) to Hold from Buy with a price target of $17, down from $19. While stating that Clearwater has “compelling long-term earnings potential and balance sheet flexibility,” the firm is skeptical of the industry supply response, so far, and expects downward revisions to 2026 and 2027 consensus estimates given oversupplied SBS paperboard markets.
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Read More on CLW:
- Clearwater Paper price target lowered to $19 from $20 at RBC Capital
- Clearwater Paper price target lowered to $12 from $15 at Truist
- Clearwater Paper downgraded to Hold from Buy at TD Cowen
- Clearwater Paper sees Q2 adjusted EBITDA (10M)-$0
- Clearwater Paper backs FY26 revenue view $1.4B-$1.5B, two estimates $1.47B