What To Know About RBC Capital's Downgrade of Mercer Intl

RBC Capital downgraded its rating of Mercer Intl MERC to Sector Perform with a price target of $14.00, changing its price target from $17.00 to $14.00.

Shares of Mercer Intl are trading down 8.07% over the last 24 hours, at $12.47 per share.

A move to $14.00 would account for a 12.22% increase from the current share price.

About Mercer Intl

Mercer International Inc operates in the pulp business and its operations are in Germany and Western Canada. The company is a producer of market northern bleached softwood kraft, or NBSK, pulp in the world. It is managed based on the primary products it manufactures: Pulp and Wood products. Mercer derives most of its revenue from the Pulp products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.