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January 15, 2013
06:37 EDTUFS, RKT, WY, BZ, LPX, PCL, SWMPaper & Forest Products sector downgraded at Goldman
Goldman downgraded the U.S. Paper & Forest Products sector to Neutral from Attractive due to valuations. As part of the sector downgraded the firm cut Domtar (UFS) to Neutral from Buy and removed Rock-Tenn (RKT) from its Conviction Buy List.
News For UFS;RKT;WY;BZ;LPX;PCL;SWM From The Last 14 Days
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July 28, 2014
16:14 EDTPCLPlum Creek Timber sees FY14 timber harvest at low end of 20M-21M ton range
The company has adjusted its harvest plans in certain local markets and now expects its 2014 timber harvest to come in at the low end of the 20M-21M ton range. The harvest deferral shifts approximately $15M of cash flow to the future, and reduces the earnings outlook by $13M, or 7c per share. During the third quarter, harvest levels in the Northern Resources segment are expected to seasonally rebound from second quarter lows when spring weather conditions limit timberland access. Southern Resources harvest volumes should increase from second quarter levels as Southern lumber production grows.
16:11 EDTPCLPlum Creek Timber CEO says expects meaningful growth in 2H14
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16:09 EDTPCLPlum Creek Timber sees Q3 EPS 27c-32c, consensus 46c
16:09 EDTPCLPlum Creek Timber lowers FY14 EPS view to $1.05-$1.25 from $1.30-$1.50
FY14 consensus $1.39. The company has revised its earnings outlook for 2014 to reflect lower harvest volumes, expectations for slower log price growth, and the anticipated composition of real estate transactions in the second half of the year.
16:08 EDTPCLPlum Creek Timber reports Q2 EPS 31c, consensus 30c
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16:07 EDTPCLPlum Creek Timber lowers FY14 outlook
15:47 EDTPCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.
08:19 EDTRKTRockTenn announces two-for-one stock split
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July 25, 2014
10:02 EDTUFSOn The Fly: Analyst Downgrade Summary
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08:08 EDTUFS, RKTMLP potential could serve as floor for stocks, says Deutsche Bank
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06:39 EDTUFSDomtar downgraded to Outperform from Top Pick at RBC Capital
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July 24, 2014
14:09 EDTWYWeyerhaeuser, DuPont Pioneer announce technology license agreement
Weyerhaeuser (WY) announced a technology license agreement with DuPont Pioneer (DD) that the company said brings together agricultural and forestry know-how to sustainably improve crop productivity for corn growers.
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.
07:50 EDTUFSDomtar expects paper volume to decline with market demand
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07:50 EDTUFSDomtar sees paper volumes declining
The company stated, "Our paper volumes are expected to decline with market demand while global softwood pulp markets are expected to remain balanced. The ramp-up of the new production lines are expected to positively impact the Personal Care business results towards the end of the year. Input costs are expected to stay relatively stable for 2H14."
07:49 EDTUFSDomtar reports Q2 EPS 61c, consensus 87c
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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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