RBC Capital analyst Matthew McKellar lowered the firm’s price target on Clearwater Paper (CLW) to $23 from $25 and keeps an Outperform rating on the shares. The company’s Q4 topped estimates, though the setup for first-half results looks challenging given winter storm impacts and maintenance at Lewiston and Cypress Bend in Q2, the analyst tells investors in a research note.
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Read More on CLW:
- Clearwater Paper’s Earnings Call Balances Progress, Pressure
- Clearwater Paper price target lowered to $16 from $21 at Truist
- Clearwater Paper sees Q1 adjusted EBITDA roughly breakeven
- Clearwater Paper sees FY26 revenue $1.4B-$1.5B, one estimate $1.47B
- Clearwater Paper reports Q4 EPS $2.39 vs $11.91 las year