Russell Stanley, analyst at Jennings Capital Inc. rates Fortress a “buy,” and has raised his one-year target to $22 a share from $14.50.
Fortress Paper Ltd., which makes security and other specialty papers, with mills in Switzerland and Germany expects to have sufficient financing to complete the rebuild of its PMI machine, which is the “cornerstone of the company’s strategy in banknote production,” says Mr. Stanley.
FORTRESS PAPER LTD. (FTP-TSX)
Source:
Globe and Mail/ Report on Business: STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN
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