New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2013
06:05 EDTRKT, IP, PKG, KSRockTenn 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
Check below for free stories on RKT;IP;PKG;KS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 22, 2014
10:46 EDTKSHigh option volume stocks: SBAC KS EDU PII GALT EJ AXL TSEM HLF BCOR
Subscribe for More Information
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:49 EDTIPInternational Paper downgraded to Buy from Conviction Buy at Goldman
Goldman removed International Paper from the Conviction Buy List and maintains it Buy rating to reflect increased risk to a potential decline in containerboard prices. The firm notes the first reduction in semi-chemical medium prices since Q4 2008 occurred in July, indicating the market may be weaker than expected.
July 21, 2014
17:07 EDTPKGPackaging Corp. sees Q3 EPS $1.25, consensus $1.26
Mark W. Kowlzan, CEO of PCA, said “Looking ahead to Q3, we expect higher sales volumes and lower operating costs from both higher synergies and less scheduled annual mill maintenance downtime. These items will be partially offset by higher amortization of annual outage repair costs, higher electricity prices, higher freight and chemical costs, and increased depreciation expense. Considering these items, we expect Q3 EPS of $1.25.”
17:06 EDTPKGPackaging Corp. reports Q2 EPS ex-items $1.16, consensus $1.11
Subscribe for More Information
15:30 EDTPKGNotable companies reporting after market close
Subscribe for More Information
10:02 EDTRKTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:00 EDTRKTRockTenn downgraded to Neutral from Outperform at Macquarie
09:00 EDTIPInternational Paper downgraded to Neutral from Outperform at Macquarie
Subscribe for More Information
07:55 EDTPKG, IP, RKT, KSJuly containerboard medium prices decline $10, says Deutsche Bank
Subscribe for More Information
July 14, 2014
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:56 EDTIPInternational Paper downgraded to Neutral from Buy at Buckingham
Buckingham downgraded International Paper to Neutral to reflect the recent softness in white paper and sluggish container-board demand. Price target is $52.
July 9, 2014
10:02 EDTIPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
07:14 EDTIPInternational Paper downgraded at RBC Capital
As noted earlier, RBC Capital downgraded International Paper to Sector Perform from Outperform. As the reason for the downgrade, the firm cited what it sees as increased risk of a drop in containerboard prices due to production capacity increases in 2014 and 2015. Target $53.
06:20 EDTIPInternational Paper downgraded to Sector Perform from Outperform at RBC Capital
July 8, 2014
16:03 EDTIPInternational Paper authorizes additional $1.5B share buyback program
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use