RBC Capital Upgrades Mercer International (MERC) to Outperform

RBC Capital analyst Paul Quinn upgraded Mercer International (NASDAQ: MERC) from Sector Perform to Outperform with a price target of $10.00.

The analyst comments "Mercer’s share price has declined materially over the last year, driven by the historic decline in pulp prices. Under more normal conditions, we think that pulp prices would have room to fall as the economy slowed; however, we think most of the excess has already been squeezed out of the industry. Given capacity reductions and limited additions, we think that the future looks brighter for pulp."

For an analyst ratings summary and ratings history on Mercer International click here. For more ratings news on Mercer International click here.

Shares of Mercer International closed at $7.56 yesterday.

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