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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 reflects RBC Capital’s view that Cascades is gaining momentum heading into 2026, with several positive factors contributing to its improved outlook.
RBC Capital cited progress in ramping up the company’s Bear Island facility as one key factor behind the rating change, along with a tightening North American containerboard market following significant industry rationalization year-to-date.
The firm also highlighted Cascades’ ongoing profitability improvement program as a catalyst for future growth, noting these combined factors create potential for attractive upside.
RBC Capital’s 2026 EBITDA estimate for Cascades stands above the current consensus, suggesting the market may not yet fully recognize the company’s improving fundamentals.
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