BUZZ-Mercer International Inc: Brokerages raise price target

Mon Nov 3, 2014 12:22pm EST
 
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** Canadian pulp producer's shares up 11.5 pct at C$13.32

** Company's U.S.-listed shares up 2.3 pct at $12.87

** CIBC upgrades Mercer's U.S.-listed stock to "sector performer", raises price target to $13 from $8.50

** Credit Suisse raises price target to $14 from $12

** Company reported Q3 profit Thursday, compared with year-ago loss

** Better sales volumes and lower costs helped - analysts

** Up to Friday's close, U.S.-listed shares had risen 26 pct this year