CIBC cuts Mercer International stock rating on restructuring risks
CIBC downgraded Mercer International (MERC) to Underperformer, setting a $0.15 price target. The company's market cap is $8M against $1.64B debt. CIBC cut 2027 and 2028 EBITDA estimates due to weaker pulp and lumber prices. Mercer reported a wider Q2 loss, missing revenue expectations. The stock has fallen 95% over the past year, with potential Chapter 11 filing risks.


