Fortress Paper Ltd. (FTP) Price Target Cut to C$4.50 by Analysts at Raymond James Financial, Inc.
Fortress Paper Ltd. (TSE:FTP) had its price target lowered by Raymond James Financial, Inc. from C$6.00 to C$4.50 in a research report released on Friday. The brokerage currently has an outperform rating on the stock.
Shares of Fortress Paper (TSE:FTP) traded down C$0.56 during mid-day trading on Friday, hitting C$3.18. 61,252 shares of the stock traded hands, compared to its average volume of 8,697. Fortress Paper has a 52 week low of C$2.98 and a 52 week high of C$8.70.
About Fortress Paper
Fortress Paper Ltd. is a Canada-based producer of specialty pulp, security papers and other security related products. The Company operates through two segments: the Dissolving Pulp and the Security Paper Products. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada, which also operates in the renewable energy generation sector through its cogeneration facility.
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