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Stock Market & Financial Investment News

News Breaks
September 21, 2012
10:10 EDTIP, RKT, PKG, KSContainerboard makers surge as analyst sees price increase sticking
Containerboard makers are rallying after Deutsche Bank analyst Mark Wilde earlier today upgraded the stocks covered in the sector to Buy from Hold. Wilde expects the publication Pulp and Paper Week to report that September prices have increased about $40 per ton. After speaking with several privately owned companies in the sector, the analyst sees a much greater chance that a recent containerboard price increase will be maintained. Wilde, who also noted that the sector's inventories dropped to their lowest August level in decades last month, now sees a 75%-80% that the price increase will be maintained, up from his previous 50% estimate. The analyst's upbeat outlook for the sector marks a reversal from a forecast he made earlier this month, when he downgraded all four of the sector's stocks and warned that the containerboard price hike investors were expecting to occur in the Fall may not materialize. The analyst admitted today that he's "eating a bit of crow." In today's note, Wilde upgraded the following containerboard makers to Buy from Hold: International Paper (IP), Rock-Tenn (RKT), Packaging Corp. of America (PKG) and KapStone Paper (KS). In early morning trading, KapStone surged 8.32% to $20.95, International Paper gained 3.20% to $35.81, Rock-Tenn advanced 2.39% to $68.97 and Packaging Corp. of America rose 2.85% to $33.98.
News For IP;RKT;PKG;KS From The Last 14 Days
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September 15, 2014
08:47 EDTRKTRockTenn increases share repurchase plan by 9.2M shares to 16.9M shares
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September 11, 2014
10:37 EDTRKT, PKG, KS, IPContainerboard makers rally amid MLP discussion at conference
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10:09 EDTRKT, PKG, KS, IPKapStone, International Paper rally following conference presentations
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07:24 EDTKS, IPUBS to hold a conference
Global Paper & Forest Products Conference to be held in New York on September 11 with webcasted company presentations to begin at 8:30 am; not all company presentations may be webcasted. Webcast Link
September 9, 2014
16:17 EDTKSKapStone COO Matthew Kaplan sells 350,000 common shares
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16:05 EDTIPInternational Paper increases quarterly dividend 14% to 40c per share
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September 8, 2014
17:16 EDTIPInternational Paper CEO Faraci to retire, elects COO Sutton as chairman, CEO
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07:21 EDTRKTKeyBanc to hold a conference
2014 Basic Materials & Packaging Conference to be held in Boston on September 8-10.
September 4, 2014
10:29 EDTRKT, IPOn The Fly: Analyst Initiation Summary
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08:09 EDTKSKapStone initiated with a Market Perform at BMO Capital
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06:33 EDTPKGPackaging Corp. initiated with an Outperform at BMO Capital
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06:31 EDTIPInternational Paper initiated with a Market Perform at BMO Capital
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06:31 EDTRKTRockTenn initiated with a Market Perform at BMO Capital
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