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Clearwater Paper (CLW) Receives a Buy from TD Cowen

Tipranks - Tipranks - Fri Feb 20, 8:04AM CST

TD Cowen analyst Sean Steuart maintained a Buy rating on Clearwater Paper today and set a price target of $20.00.

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Steuart covers the Basic Materials sector, focusing on stocks such as Mercer International, West Fraser Timber Co, and Clearwater Paper. According to TipRanks, Steuart has an average return of 6.5% and a 53.93% success rate on recommended stocks.

In addition to TD Cowen, Clearwater Paper also received a Buy from RBC Capital’s Matt McKellar in a report issued on February 15. However, today, TipRanks – xAI downgraded Clearwater Paper (NYSE: CLW) to a Sell.

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Based on Clearwater Paper’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $38.3 million. In comparison, last year the company earned a revenue of $387.1 million and had a GAAP net loss of $108 million

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