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Investing.com - RBC Capital upgraded Cascades Inc. (TSX:CAS) (OTC:CADNF) from Sector Perform to Outperform on Monday, setting a price target of C$13.00.
The upgrade comes as RBC Capital sees Cascades gaining momentum heading into 2026, with several positive factors supporting the company’s outlook.
RBC highlighted progress in ramping up the company’s Bear Island facility, which is expected to contribute to improved performance in the coming quarters.
The firm also noted a tightening North American containerboard market following significant industry rationalization year-to-date, creating a more favorable operating environment for Cascades.
RBC Capital further cited Cascades’ ongoing profitability improvement program as a key factor in the upgrade, with the firm’s 2026 EBITDA estimate now exceeding consensus forecasts.
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