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July 21, 2014
07:55 EDTKS, RKT, IP, PKGJuly containerboard medium prices decline $10, says Deutsche Bank
Deutsche Bank notes that according to PPW, July containerboard medium prices fell $10/ton to $570 in the East and $595 in the West. The firm views the cut as discouraging, but says it's not a complete surprise given new capacity and pressure from reported declines in recycled containerboard pricing. Deutsche sees RockTenn (RKT) as being the most exposed to the decline, but sees the impact as minimal. Other containerboard names include International Paper (IP), KapStone (KS) and Packaging Corp. (PKG).
News For IP;KS;PKG;RKT From The Last 14 Days
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October 7, 2015
06:16 EDTIP, KS, PKGContainers and Packaging sector upgraded to Overweight at Wells Fargo
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September 25, 2015
07:55 EDTIP, PKGContainerboard stocks oversold at current levels, says Jefferies
Jefferies analyst Philip Ng believes containerboard stocks are already pricing in a $30-60/ton price decline. Industry contracts, however, expect downtime will balance the market and prices will hold, Ng tells investors in a research note. International Paper (IP), WestRock (WRK) and Packaging Corp. (PKG) are oversold at current levels and should be attractive for long term investors, Ng writes. He has a Buy rating on all three names.

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