Credit Suisse raises their UFS tgt to $70 from $55, following Q3 earnings. Firm notes UFS reported $1.32 in operating income in Q3, beating their Street-high $0.60 estimate and the consensus' $0.29. Firm says free cash flow was "huge" and does not believe most of the Street understands Domtar or the magnitude of its upside potential given its significant cash generation. They note annualized net debt reduction (excluding black liquor credits) was over $21/share in the third quarter -- half of Friday's closing stock price.