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Enter Symbol:
 
Sappi (SPPJY) [hlAlert]

Rating:
Underperform
SPPJY
up 881.35 %

Sappi (SPPJY) downgraded to Underperform by Credit Suisse

Posted on: Friday,  Nov 22, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Underperform Sappi (OTCBB: SPPJY) on 11/22/2013, when the stock price was $30.00. Since
then, Sappi has lost 89.81% as of 08/27/2015's recent price of $3.06.
If you would have followed this Credit Suisse's recommendation on SPPJY, you would have gained 881.35% of your investment in 643 days.

Sappi Limited (Sappi) is a global paper and pulp company. The Company is a producer of coated fine paper used in books, brochures, magazines, catalogues and many other print applications. It is also the producer of chemical cellulose, used primarily in the manufacture of viscose fiber, acetated tow, and consumer and pharmaceutical products. In addition, the Company produces newsprint, uncoated graphic and business papers, packaging papers, a range of coated speciality papers and a range of paper grade pulp. The Company organized into two operating segments: Sappi Fine Paper and Sappi Forest Products. Sappi also operates a trading network, called Sappi Trading, for the international marketing and distribution of chemical cellulose and market pulp worldwide and of its other products in areas outside the core operating regions of North America, Europe and southern Africa. On December 31, 2008, it acquired M-real Corporation.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/22/2013 8:25 AM Sell
None
30.00
as of 12/13/2013
1 Week up  5.35 %
1 Month up  11.66 %
3 Months up  11.66 %
1 YTD up  11.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2013 9:25 AM Hold
None
30.60
5/6/2009 8:25 AM Hold
None
29.90 31.00
4/3/2008 8:25 AM Buy
None
126.40 170.00

(*) Stock Price at the time of the recommendation.
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