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Stock Market & Financial Investment News

News Breaks
July 25, 2014
08:08 EDTGPK, KS, IP, GLT, PKG, UFS, RKTMLP 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 23, 2014
11:25 EDTUFSDomtar rallies after MLP conversion discussion on call
Shares of Domtar rallied during the company's earnings conference call as the possibility of a master limited partnership conversation was addressed. Domtar stated that if it feels it would have "something compelling in the marketplace," it could consider the possibility of an MLP. It added, "If there's something there that could create shareholder value, you'll see us doing something or sharing something with the market." Shares of Domtar are up 9% to $39.44 in late morning trading. The call is now over.
07:34 EDTUFSDomtar sees Q4 paper shipments declining due to seasonality
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07:33 EDTUFSDomtar reports Q3 adjusted EPS 94c, consensus 82c
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October 21, 2014
07:43 EDTGPKGraphic Packaging reports Q3 CapEx $42.5M
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07:36 EDTGPKGraphic Packaging on target to deliver $350M of net debt reduction in FY14
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07:34 EDTGPKGraphic Packaging reports Q3 adj. EPS 17c, consensus 20c
Reports Q3 revenue $1.05B, consensus $1.08B.
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 EDTKSKapStone 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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October 15, 2014
09:35 EDTUFSDomtar upgraded to Outperform from Sector Perform at Scotia Capital
Scotia upgraded Domtar to Outperform due to valuation. Price target is $50.

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