Credit Suisse Initiates Glatfelter Coverage With A Neutral Rating And $14 PT

Credit Suisse initiates coverage of Glatfelter GLT with a $14 target price and a Neutral rating. “Glatfelter is one of the world's leaders in specialized paper and airlaid nonwoven materials,” Credit Suisse writes. “The company correctly expanding into growing markets, but faces pressure from both cyclical and secular declines in its base grades.” Glatfelter closed Friday at $13.26.