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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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March 2, 2015
07:25 EDTPKG, IPPackaging sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Packaging sector to Market Weight from Overweight saying current valuation levels reflect known catalysts. Wells made no stock rating changes along with the sector, and continues to view International Paper (IP) and Crown Holdings (CCK) as its top picks. Other Outperform ratings in the space include Berry Plastics (BERY), Greif (GEF), Owens-Illinois (OI) and Packaging Corp. (PKG).
February 27, 2015
12:19 EDTIPInternational Paper files automatic mixed securities shelf
February 26, 2015
17:06 EDTPKGPackaging Corp. raises annual dividend by 38% to $2.20 per share
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12:32 EDTGLTGlatfelter board increases quarterly dividend by 9% to 12c
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08:59 EDTKSKapStone management to meet with Deutsche Bank
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February 25, 2015
10:12 EDTRKTHigh option volume stocks
High option volume stocks: WBAI HDS ICON NWBO RGR GFI RKT TJX RSG LC
February 24, 2015
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
07:45 EDTIP, RKT, KS, PKGInternational Paper downgraded to Hold from Buy at Deutsche Bank
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February 23, 2015
17:10 EDTUFSDomtar raises dividend 7%, increases stock buyback plan by $300M
Domtar announced that its Board of Directors approved a 7% increase to its quarterly dividend from 37.5c per share to 40c per share on its common stock. The Board of Directors declared the dividend payable on April 15 to stockholders of record as of the close of business on April 2. In the context of its regular review of the capital allocation policy, the Board of Directors also authorized an increase of $300M in Domtar's share buyback program. This is in addition to the company's prior $1B repurchase authorization, under which approximately $83M remained available as of December 31, 2014.
07:49 EDTGPK, RKT, IPFebruary fall in paper prices a modest negative, says Jefferies
Jefferies notes that according to PPW, unbleached kraft paperboard and solid unbleached sulfate prices fell modestly in February due to weak frozen food and beverage demand. The firm views the drop in SBS prices as a modest negative for RockTenn (RKT)/MeadWestvaco (MWV), Graphic Packaging (GPK) and International Paper (IP). It feels the impact should be limited, however, given the lag on the pass throughs in the converting business.
February 18, 2015
07:07 EDTIPBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
10:00 EDTUFSOn The Fly: Analyst Downgrade Summary
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08:17 EDTPKG, KS, RKT, IPContainerboard bull Perry Capital trims stakes in RockTenn, KapStone
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08:03 EDTUFSDomtar downgraded to Sector Perform from Outperform at Scotia Capital
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