Credit Suisse Downgrades Mercer International to Neutral, Announces $12.5 Price Target
Credit Suisse analyst Andrew Kuske downgrades Mercer International (NASDAQ:MERC) from Outperform to Neutral and announces $12.5 price target.
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When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Recap: Mercer International Q3 Earnings
Mercer International (NASDAQ:MERC) reported its Q3 earnings results on Thursday, October 28, 2021 at 04:30 PM.
Here's what investors need to know about the announcement.
Earnings Scheduled For October 28, 2021
Companies Reporting Before The Bell
• LendingTree (NASDAQ:TREE) is estimated to report quarterly earnings at $0.57 per share on revenue of $292.63 million.
Credit Suisse Upgrades Mercer International to Outperform, Lowers Price Target to $12.5
Credit Suisse analyst Andrew Kuske upgrades Mercer International (NASDAQ:MERC) from Neutral to Outperform and lowers the price target from $15.5 to $12.5.
Raymond James Downgrades Mercer International to Outperform, Lowers Price Target to $15
Raymond James downgrades Mercer International (NASDAQ:MERC) from Strong Buy to Outperform and lowers the price target from $18 to $15.
Earnings Scheduled For July 29, 2021
Companies Reporting Before The Bell
• Smith & Nephew (NYSE:SNN) is projected to report earnings for its second quarter.