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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:25 EDTATR, ATR, ATR, AVY, AVY, AVY, BLL, BLL, BLL, IP, IP, IP, PCL, PCL, PCL, PKG, PKG, PKG, RKT, RKT, RKT, OI, OI, OI, WY, WY, WYWeyerhaeuser
North American Packaging & Paper/Forest Products Analyst Staphos, Latin American Pulp & Paper/Forest Products Analyst Lofiego and European Paper/Forest Products & Packaging Analyst Swaminathan provide an industry update and outlook for 2013 on an Analyst/Industry conference call to be held on January 24 at 9 am.
News For ATR;AVY;BLL;IP;PCL;PKG;RKT;OI;WY From The Last 14 Days
Check below for free stories on ATR;AVY;BLL;IP;PCL;PKG;RKT;OI;WY the last two weeks.
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July 22, 2014
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
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08:49 EDTIPInternational Paper downgraded to Buy from Conviction Buy at Goldman
Goldman removed International Paper from the Conviction Buy List and maintains it Buy rating to reflect increased risk to a potential decline in containerboard prices. The firm notes the first reduction in semi-chemical medium prices since Q4 2008 occurred in July, indicating the market may be weaker than expected.
July 21, 2014
17:09 EDTATRAptarGroup sees Q3 EPS 72c-77c, consensus 77c
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17:07 EDTPKGPackaging Corp. sees Q3 EPS $1.25, consensus $1.26
Mark W. Kowlzan, CEO of PCA, said “Looking ahead to Q3, we expect higher sales volumes and lower operating costs from both higher synergies and less scheduled annual mill maintenance downtime. These items will be partially offset by higher amortization of annual outage repair costs, higher electricity prices, higher freight and chemical costs, and increased depreciation expense. Considering these items, we expect Q3 EPS of $1.25.”
17:06 EDTPKGPackaging Corp. reports Q2 EPS ex-items $1.16, consensus $1.11
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17:05 EDTATRAptarGroup reports Q2 EPS 79c, consensus 82c
Reports Q2 revenue $670.63M, consensus $683.56M. Beauty and home product sales increased 3%, Pharma product sales increased 4%, food and beverage sales increased 7%. Total Q2 sales increased 4% excluding currency effects.
15:30 EDTPKGNotable companies reporting after market close
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10:02 EDTRKTOn The Fly: Analyst Downgrade Summary
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09:00 EDTRKTRockTenn downgraded to Neutral from Outperform at Macquarie
09:00 EDTIPInternational Paper downgraded to Neutral from Outperform at Macquarie
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07:55 EDTRKT, PKG, IPJuly containerboard medium prices decline $10, says Deutsche Bank
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July 15, 2014
07:17 EDTATRFarnborough International to hold air show
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July 14, 2014
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
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07:56 EDTIPInternational Paper downgraded to Neutral from Buy at Buckingham
Buckingham downgraded International Paper to Neutral to reflect the recent softness in white paper and sluggish container-board demand. Price target is $52.
July 10, 2014
18:54 EDTPCLPlum Creek Timber MDF facility resumes full production
Plum Creek Timber announced that production resumed this week at its Medium Density Fiberboard facility in Columbia Falls, Mont. following a fire that occurred on June 10. The No. 2 production line, which makes between 1/10th- ˝-inch continuous-press fiberboard, restarted June 30 and the company began shipping product to customers. The No. 1 production line resumes full production this week. It produces up to 1 1/2–inch fiberboard. A mechanical failure occurred, causing the fire, which was contained by local fire and safety departments. All employees were safely evacuated and there were no reported injuries. Tom Ray, vice president, northwest resources and manufacturing, said both the fire response and facility repair efforts were outstanding examples of people working together safely to support common goals, “We are very thankful that all the local fire and safety departments rallied to protect the people working at the facility.” He said that Plum Creek will donate $15,000 to be shared by all the response units that helped fight the fire. “Their work is greatly appreciated and we hope these funds support the important work they provide every day to our community,” he said. While production ceased at the facility for about three weeks following the fire, the company continued to ship product to customers from existing inventory. The 183 employees who work at the facility never lost a day of work. All were reassigned to carry out a variety of tasks, including fire watch, cleanup, and repair. In late June, many helped bring production back on line, assisting with equipment testing to ensure it worked safely and met manufacturing standards. Resumption of normal production concludes a month-long recovery and repair process, which relied on the efforts of both employees and contractors. Damages to the plant are estimated in the $8M-10M range. All major repairs to the facility have been completed, including repairs to computer systems, duct work and upgrades to the fire suppression systems. Scaffolding remains visible on the exterior to the plant while the company replaces sheet metal but these activities will not affect plant production. Plum Creek operates Montana manufacturing facilities that produce lumber, plywood and MDF. These products are sold to construction, retail, industrial and other specialty markets.
July 9, 2014
10:02 EDTPCL, IPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
07:18 EDTPCLPlum Creek Timber downgraded at RBC Capital
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07:14 EDTIPInternational Paper downgraded at RBC Capital
As noted earlier, RBC Capital downgraded International Paper to Sector Perform from Outperform. As the reason for the downgrade, the firm cited what it sees as increased risk of a drop in containerboard prices due to production capacity increases in 2014 and 2015. Target $53.
06:20 EDTIPInternational Paper downgraded to Sector Perform from Outperform at RBC Capital
06:11 EDTPCLPlum Creek Timber downgraded to Sector Perform from Outperform at RBC Capital
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