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Stock Market & Financial Investment News

News Breaks
July 24, 2014
13:16 EDTRKT, PKG, IP, KSContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
News For IP;RKT;KS;PKG From The Last 14 Days
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August 25, 2015
09:04 EDTIPInternational Paper upgraded to Buy from Neutral at Buckingham
Buckingham upgraded International Paper to Buy with a $50 price target. The firm believes anti-dumping duties should improve UCFS dynamics and margins, and expects a dividend raise in the near-term.

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