Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$12.30 and last traded at C$11.71, with a volume of 7770 shares changing hands. The stock had previously closed at C$11.82.

Several equities analysts recently issued reports on RFP shares. TD Securities boosted their target price on shares of Resolute Forest Products to C$10.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Royal Bank of Canada boosted their target price on shares of Resolute Forest Products to C$9.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. Finally, Scotiabank boosted their target price on shares of Resolute Forest Products to C$10.00 and gave the company an “underperform” rating in a report on Friday, November 3rd.

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Resolute Forest Products Company Profile

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, Brazil, and internationally. It operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment provides market pulp, recycled bleached Kraft pulp, and bleached hardwood Kraft pulp used to make a range of consumer products, such as tissue, packaging, specialty paper products, diapers, and other absorbent products.

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