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

Author: Benzinga Insights | August 24, 2023 01:00pm

Credit Suisse has decided to maintain its Neutral rating of Mercer Intl (NASDAQ: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.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

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

Posted In: MERC

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