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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:34 EDTMWVMeadWestvaco downgraded to Neutral from Outperform at RW Baird
Baird downgraded MeadWestvaco due to fair valuation. The firm recommends swapping into Avery (AVY), which was upgraded to Outperform from Neutral, over MeadWestvaco (MWV). MeadWestvaco price target remains $40.
News For MWV From The Last 14 Days
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July 31, 2014
10:02 EDTMWVOn The Fly: Analyst Downgrade Summary
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06:55 EDTMWVMeadWestvaco downgraded to Sell from Neutral at UBS
UBS downgraded MeadWestvaco to Sell citing valuation and high expectations.
July 30, 2014
07:29 EDTMWVMeadWestvaco aims to continue cost reduction efforts in Q3
The company said, "The principal benefits that are expected to drive the company’s improvement in the third quarter are increases in packaging volumes, especially bleached paperboard and plastic dispensing solutions across major end-markets, ongoing value-based pricing initiatives across all packaging businesses, productivity improvements and continued positive operating leverage from increased mill and plant utilization rates and continuing cost reduction efforts, including growing benefits from the company’s margin improvement program."
07:28 EDTMWVMeadWestvaco sees Q3 EPS ex-items above year-ago levels
The company said, "For Q3, earnings excluding special items are expected to be above year-ago levels on a continuing operations basis. The company expects ongoing benefits from its commercial and operational excellence strategies, as well as continued contributions from its growth and productivity investments and cost savings initiatives." Q3 EPS consensus 61c.
07:27 EDTMWVMeadWestvaco reports Q2 EPS ex-items 53c, consensus 50c
Reports Q2 revenue $1.47B, consensus $1.45B. Reports Q2 EPS from continuing operations 43c.
July 29, 2014
15:53 EDTMWVNotable companies reporting before tomorrow's open
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