Buckeye Technologies Rating Increased to Outperform at RBC Capital (BKI)

By admin | 6 years ago

Buckeye Technologies (NYSE: BKI) was upgraded by investment analysts at RBC Capital (NYSE: RY) from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday.

Buckeye Technologies traded up 2.73% on Tuesday, hitting $28.96. Buckeye Technologies has a 1-year low of $22.45 and a 1-year high of $38.50. The company has a market cap of $1.141 billion and a price-to-earnings ratio of 15.15.

Separately, analysts at UBS AG (NYSE: UBS) upgraded shares of Buckeye Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $36.00 price target on the stock.

Buckeye Technologies Inc. (Buckeye) is a producer of cellulose-based specialty products. Buckeye is the manufacturer in the world offering cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies.

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