BUZZ-Mercer International: Best intraday jump in 6 yrs on higher Q4 profit

Fri Feb 12, 2016 2:24pm EST
 
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** Canadian pulp producer's shares up 30.6 pct at $8.02; Toronto-listed stock up 25 pct at C$7.65

** U.S.-listed stock rises as much as 35.6 pct, its biggest intraday percentage gain in more than six years

** Mercer reports nearly seven-fold jump in Q4 profit, helped by a stronger U.S. dollar

** "We maintain our constructive view of Mercer based on the company's industry-leading energy generation capacity (and) strong current free cash flow," Raymond James analysts say

** Brokerage raises PT to $10.50 from $10; median PT $11

** Up to Thursday's close, U.S.-listed stock had lost more than half its value in past 12 months