Credit Suisse Maintains Neutral Rating for Mercer Intl: Here's What You Need To Know

Credit Suisse has decided to maintain its Neutral rating of Mercer Intl MERC and lower its price target from $9.50 to $9.00.

Shares of Mercer Intl are trading down 2.66% over the last 24 hours, at $8.43 per share.

A move to $9.00 would account for a 6.76% increase from the current share price.

About Mercer Intl

Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. Pulp segment consists of the manufacture, sale and distribution of pulp, electricity and chemicals. Solid wood segment consists of the manufacture, sale and distribution of lumber, manufactured products wood pallets, electricity, biofuels and wood residuals from sawmills and other facilities located in Germany and the United States. The company has its geographical presence in USA, Germany, China and Other countries. Majority of the revenue is generated from the Pulp segment.

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