Raymond James Financial Inc. upgraded shares of Fortress Paper Ltd. (TSE:FTP) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday. They currently have C$8.00 price target on the stock, up from their previous price target of C$5.00.

Separately, Scotiabank lifted their price target on Fortress Paper from C$3.00 to C$4.00 and gave the stock an underperform rating in a research report on Tuesday, June 7th.

Fortress Paper (TSE:FTP) opened at 6.00 on Wednesday. The company’s 50 day moving average is $4.70 and its 200-day moving average is $3.96. The firm’s market cap is $88.88 million. Fortress Paper has a 52-week low of $2.84 and a 52-week high of $6.05.

Fortress Paper Company Profile

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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