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Stock Market & Financial Investment News

News Breaks
February 26, 2013
06:05 EDTKS, RKT, PKG, IPRockTenn announced $50/ton price hike, says Deutsche Bank
Deutsche Bank said its contacts reported that RockTenn (RKT) announced a $50/ton price hike for containerboard with an April 1 implementation date. Deutsche expects other companies to issue price increases as well, but said it remains uncertain as to the success of the hike. The firm has a Buy rating on RockTenn. Other names in the containerboard space include International Paper (IP), Packaging Corp. (PKG) and KapStone (KS).
News For RKT;IP;PKG;KS From The Last 14 Days
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May 17, 2013
07:33 EDTIP, RKTPaper & Packaging names likely to return cash to holders, says Jefferies
Jefferies expects names in the Paper & Packaging space to start returning cash to shareholders at a greater rate due to strong balance sheets and record free cash flow. The firm names International Paper (IP), RockTenn (RKT) and Owens-Illinois (OI) as best positioned to see higher share prices from more aggressive cash returns to shareholders. Jefferies says Crown Holdings (CCK), Graphic Packaging (GPK) and Owens-Illinois are likely to issue dividends.
May 15, 2013
17:26 EDTIPThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
17:03 EDTPKGPackaging Corp. raises annual dividend 28% to $1.60 per share from $1.25 per share
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13:15 EDTIPInternational Paper price target raised to $53 from $48 at Argus
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May 7, 2013
16:48 EDTKSKapStone sees April domestic price increase fully implemented late in Q2
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16:46 EDTKSKapStone reports Q1 adjusted EPS 42c, consensus 42c
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