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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:45 EDTBZ, IP, RKT, PKGIP, RockTenn upgraded to Overweight at JPMorgan
JPMorgan upgraded International Paper (IP) and RockTenn (RKT) to Overweight from Neutral after privately held Georgia-Pacific last week announced a $50/ton containerboard price increase, effective March 1 for board and April 1 for boxes. The firm expects other companies to follow suit, and sees more share upside in the Containerboard space. JPMorgan raised its price target for International Paper shares to $51 from $46 and for RockTenn shares to $108 from $88. The firm also raised its price target for Neutral-rated Packaging Corp. (PKG) to $48 from $41 and for Neutral-rated Boise (BZ) to $10 from $9.50.
News For IP;RKT;PKG;BZ From The Last 14 Days
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October 20, 2014
17:05 EDTPKGPackaging Corp. expects Q4 EPS $1.16, consensus $1.16
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17:03 EDTPKGPackaging Corp. reports ex-items Q3 EPS $1.26, consensus $1.26
Reports Q3 revenue $1.52B, consensus $1.50B. Special items excluded from EPS include after-tax charges for the Boise integration, debt refinancing and DeRidder mill restructuring of 20c per share, including cash charges of 6c per share, and non-cash charges of 14c per share.
15:30 EDTPKGNotable companies reporting after market close
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13:07 EDTRKTRockTenn initiated with a Buy at Dundee (pre-open)
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13:06 EDTIPInternational Paper initiated with a Buy at Dundee (pre-open)
Target $55.
13:06 EDTPKGPackaging Corp. initiated with a Buy at Dundee (pre-open)
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October 16, 2014
10:01 EDTPKGOn The Fly: Analyst Upgrade Summary
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08:48 EDTPKGPackaging Corp. upgraded at Buckingham
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07:31 EDTPKGPackaging Corp. upgraded to Buy from Neutral at Buckingham
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