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Stock Market & Financial Investment News

News Breaks
June 5, 2014
08:21 EDTRKTRockTenn fundamental story remains unchanged, says Deutsche Bank
Deutsche Bank expects Q3 consensus estimates for RockTenn to come down modestly after the company introduced earnings guidance to help with the wide ranging expectations. Deutsche believes the company's demand trends look a "bit better" than originally targeted following RockTenn's conference presentation. It believes the fundamental story has not changed and keeps a Buy rating on the stock with a $120 price target.
News For RKT From The Last 14 Days
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July 24, 2014
13:30 EDTRKTRockTenn volatility elevated on Perry Capital taking position
RockTenn August call option implied volatility is at 35, October is at 27, January is at 23; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement on Richard Perry's Perry Capital taking a position, Bloomberg reports.
13:16 EDTRKTContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
July 21, 2014
10:02 EDTRKTOn The Fly: Analyst Downgrade Summary
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09:00 EDTRKTRockTenn downgraded to Neutral from Outperform at Macquarie
07:55 EDTRKTJuly containerboard medium prices decline $10, says Deutsche Bank
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