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Enter Symbol:
 
Mercer International Inc. (MERC) [hlAlert]

Rating:
Market Perform
MERC

Mercer International Inc. (MERC) downgraded to Market Perform with price target $8 by BMO Capital Markets

Posted on: Tuesday,  Oct 18, 2011  10:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Market Perform Mercer International Inc. (NASDAQ: MERC) on 10/18/2011. Previously BMO Capital Markets rated Outperform
Mercer International Inc. (NASDAQ: MERC) on 06/15/2010., when the stock price was $4.89. Since then, Mercer International Inc. has gained 35.99% of its value until BMO Capital Markets rated MERC Underperform on 10/18/2011, when the price was $6.65. .

Mercer International Inc. (Mercer) operates in the pulp business and is a producer of market northern bleached softwood kraft (NBSK) pulp. The Company?s operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills with a consolidated annual production capacity of approximately 1.5 million million air-dried metric tons (ADMTs): Rosenthal mill, Stendal mill and Celgar mill. The Company?s wholly owned subsidiary, Rosenthal, owns and operates an NBSK pulp mill that has an annual production capacity of approximately 325,000 ADMTs. Its 70.6%-owned subsidiary, Stendal, owns and operates an NBSK pulp mill that has an annual production capacity of approximately 635,000 ADMTs. Its wholly owned subsidiary, Celgar, owns and operates the Celgar mill, an NBSK pulp mill with an annual production capacity of approximately 495,000 ADMTs.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2013 12:25 PM Sell
None
6.96 6.00
as of 12/30/2011
1 Week   
1 Month   
3 Months down  -2.20 %
1 YTD down  -14.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/18/2011 10:25 AM Hold
None
6.65 8.00
6/15/2010 11:25 AM Buy
None
4.89

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