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Analyst Actions: Dundee Cuts Target on Fortress Paper to $35/Shr; Shares Off 3.4%

Dundee Securities has cut its price target on Fortress Paper Ltd. (FTP.TO) to $35 from $42, but reiterated a buy rating, according to stocktargetprices.com.

Fortress shares are under pressure today, down 3.4%, at $13.91.

Dundee is still more optimistic than many others on the Street. The median price target, of eight analysts tracked by Thomson/First Call, is $30.30. Targets are wide ranging, however, from $20 to $42.

Two of the analysts have strong buy ratings, four buy ratings, and two hold ratings, according to data from Thomson/First Call.

The company reports its latest earnings Aug. 7.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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