RBC Capital Upgrades Clearwater Paper to Outperform, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has upgraded Clearwater Paper (NYSE:CLW) from Sector Perform to Outperform, while lowering the price target from $48 to $37.
October 18, 2024 | 4:18 pm
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RBC Capital has upgraded Clearwater Paper to Outperform, indicating a positive outlook, but has lowered the price target to $37, suggesting tempered expectations.
The upgrade to Outperform suggests RBC Capital sees potential for growth or positive performance in Clearwater Paper, which is a positive signal for investors. However, the reduction in the price target from $48 to $37 indicates that while the outlook is positive, expectations are more conservative than previously thought. This mixed message could lead to a slight positive impact on the stock price as the upgrade outweighs the lowered target.
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