Mercer price target lowered to $4 from $5.50 at TD Securities

TD Securities lowered the firm’s price target on Mercer (MERC) to $4 from $5.50 and keeps a Hold rating on the shares. The company’s Q1 results reflect heavy maintenance downtime but overall costs were above forecasts and pulp price realization pressure was a surprise, the analyst tells investors in a research note. The firm says that while Mercer is not currently subject to tariffs, it is sensitive to the weaker U.S. dollar and broader economic pressure.