CIBC Maintains Neutral on Mercer Intl, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Hamir Patel maintains a Neutral rating on Mercer International (NASDAQ:MERC) but lowers the price target from $10 to $8.5.
August 13, 2024 | 5:14 pm
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NEGATIVE IMPACT
CIBC analyst Hamir Patel maintains a Neutral rating on Mercer International but lowers the price target from $10 to $8.5.
The lowered price target from $10 to $8.5 suggests a less optimistic outlook for Mercer International, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100