Deutsche Bank Upgrades Domtar, Boosts PT To $105 (UFS)

Deutsche Bank upgraded its Domtar UFS rating from Hold to Buy and raised Domtar's price target from $60 to $105.

In a report, Deutsche Bank states, "We have grown more optimistic about Domtar's prospects to post above normalized earnings over the next 2-3yrs. Moreover, we've become more confident in management's ability to generate & deploy anticipated strong cashflows."

Shares of Domtar were trading at $84.31 in pre-market trading at the time of posting, up 0.40% from Thursday's market close.