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July 25, 2014
08:08 EDTUFS, RKT, GPK, KS, IP, GLT, PKGMLP potential could serve as floor for stocks, says Deutsche Bank
Deutsche Bank says Perry Capital's proposal for containerboard producers with mills utilizing mostly virgin fiber to consider MLP structures is "not without merit." The firm believes the potential for MLP qualification will serve as a near-term floor for stocks in the group. Deutsche says companies that operate kraft mill assets include International Paper (IP), RockTenn (RKT), Packaging Corp. (PKG), KapStone (KS), Domtar (UFS), Glatfelter (GLT) and to a lesser extent Graphic Packaging (GPK).
News For IP;RKT;PKG;KS;UFS;GLT;GPK From The Last 14 Days
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October 1, 2015
16:18 EDTGPKGraphic Packaging acquires assets of Carded Graphics, terms not disclosed
Graphic Packaging announced that its wholly owned subsidiary, Graphic Packaging International, has acquired the converting assets of Staunton, VA based Carded Graphics, an award winning printed folding carton producer with a strong regional position in the food, craft beer and other consumer product markets. The transaction will be funded with existing cash and borrowings from Graphic Packaging's revolving line of credit.
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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