UBS AG Upgrades Buckeye Technologies to Buy (BKI)

By admin | 6 years ago

Buckeye Technologies (NYSE: BKI) was upgraded by equities research analysts at UBS AG (NYSE: UBS) from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $36.00 price target on the stock.

Separately, analysts at RBC Capital (NYSE: RY) downgraded shares of Buckeye Technologies from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, March 29th. They now have a $37.00 price target on the stock, down previously from $44.00.

Shares of Buckeye Technologies traded up 1.49% during mid-day trading on Monday, hitting $27.95. Buckeye Technologies has a 52 week low of $22.45 and a 52 week high of $38.50. The company has a market cap of $1.101 billion and a P/E ratio of 14.80.

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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