Clearwater Paper initiated with a Hold at Truist

Truist initiated coverage of Clearwater Paper (CLW) with a Hold rating and $21 price target Clearwater Paper is a leading North American producer of Solid Beached Sulfate boxboard, benefiting from a streamlined portfolio that provides operating leverage as demand normalizes, while exploring Coated Unbleached Kraft and Coated Recycled Boxboard capacity additions to diversify its offering, the analyst tells investors in a research note. With European capacity rationalization reducing imports, potential U.S. supply shifts, and low leverage, the company is also viewed as a possible acquisition target, Truist says.