Clearwater Paper price target lowered to $12 from $15 at Truist

Truist analyst Michael Roxland lowered the firm’s price target on Clearwater Paper (CLW) to $12 from $15 and keeps a Hold rating on the shares. The company’s Q1 results were in line with forecasts, but the management sees a tough Q2 due to outages and elevated costs, the analyst tells investors in a research note. Assuming costs remain elevated, Clearwater expects to incur $3M-$5M of ongoing quarterly inflation, the firm added.