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2022-01-06 02:36
01:34 PM EST, 01/05/2022 (MT Newswires) -- In Canada, RBC's Top Pulp & Paper Idea for 2022 is Cascades Inc. (CAS.TO), which it rates Outperform with a $20 TP.
"We like the company's exposure to recycled containerboard and upcoming potential catalyst in the start-up of the Bear Island
containerboard mill. In addition, Cascades trades at a substantial discount to its US packaging peers, which remains near the widest margin over the last five years."
RBC is also increasing its price target for Resolute Forest Products (RFP.TO) +US$2, to to US$18. Maintain Outperform.
Cutting price target for Canfor Pulp (CFX.TO) to $8 (from $9). Maintain Sector Perform.
Price: 14.04, Change: +0.03, Percent Change: +0.21