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Clearwater Paper (CLW) Has a New Rating from Truist Financial

Tipranks - Tipranks - Wed Jan 21, 5:52AM CST

Clearwater Paper received a Hold rating and a $21.00 price target from Truist Financial analyst Michael Roxland on January 16. The company’s shares closed last Friday at $20.09.

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Roxland covers the Consumer Cyclical sector, focusing on stocks such as Greif Class A, Sealed Air, and Packaging. According to TipRanks, Roxland has an average return of 5.5% and a 60.64% success rate on recommended stocks.

Clearwater Paper has an analyst consensus of Moderate Buy, with a price target consensus of $27.50, implying a 36.88% upside from current levels. In a report released yesterday, TipRanks – Google also reiterated a Hold rating on the stock with a $19.50 price target.

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Based on Clearwater Paper’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $399 million and a GAAP net loss of $53.9 million. In comparison, last year the company earned a revenue of $393.3 million and had a net profit of $5.9 million

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