TD Securities lowered the firm’s price target on Mercer (MERC) to $3 from $3.50 and keeps a Hold rating on the shares post the Q2 report.. The firm views the post-earnings share selloff as “arguably warranted” given the company’s accelerating cash burn rate.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MERC: