Breaking News Instant updates and real-time market news.

IP

International Paper

$46.42

-0.67 (-1.42%)

, WRK

WestRock

$46.37

-1.5 (-3.13%)

14:37
10/05/16
10/05
14:37
10/05/16
14:37

Rumor of Georgia Pacific delaying price increase weighs on containboard names

Shares of several containerboard stocks, including International Paper (IP), WestRock (WRK) and Packaging Corp. (PKG), have moved to their lows in afternoon trading. Traders are pointing to a tweet from Mike Bergen - "Chatter Georgia Pacific delaying their price hike to Nov 1. Negative containerboard." - as a contributor to the move lower, according to contacts. Reference Link

IP

International Paper

$46.42

-0.67 (-1.42%)

WRK

WestRock

$46.37

-1.5 (-3.13%)

PKG

Packaging Corp.

$79.48

-1.35 (-1.67%)

  • 20

    Oct

  • 27

    Oct

IP International Paper
$46.42

-0.67 (-1.42%)

08/25/16
DBAB
08/25/16
NO CHANGE
DBAB
International Paper seeks to increase containerboard prices, says Deutsche Bank
08/25/16
DBAB
08/25/16
NO CHANGE
DBAB
International Paper to increase containerboard prices, says Deutsche Bank
Deutsche Bank analyst Debbie Jones says International Paper (IP) is increasing containerboard prices by $50 per ton effective October 1st, citing trade contacts. The analyst notes that she is not aware of similar moves from other producers, but suspects additional announcements may come. Nonetheless, Jones questions whether or not the full amount will be achieved and if an increase is sustainable. A successful increase would be beneficial not only for International Paper, but also for WestRock (WRK), Packaging Corp (PKG) and KapStone (KS), the analyst says, noting that Greif (GEF) also has modest exposure to containerboard. In afternoon trading, International Paper's stock has gained over 4% to $48.59 per share.
09/22/16
GSCO
09/22/16
INITIATION
Target $49
GSCO
Neutral
International Paper initiated with a Neutral at Goldman
Goldman analyst Brian Maguire initiated International Paper with a Neutral and a $49 price target. This replaces an earlier note that incorrectly reported a price target of $40.
09/23/16
DBAB
09/23/16
UPGRADE
Target $90
DBAB
Buy
Packaging Corp. upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Debbie Jones upgraded Packaging Corp. of America (PKG) to Buy citing an "improved earnings trajectory" following the TimBar acquisition. The analyst raised her price target for the shares to $90 from $77. Jones this morning also upgraded KapStone (KS) to Buy. She raised her estimates across the Paper & Packaging space to reflect the likelihood of success for the October containerboard price hike initiative. Jones also raised her price target for Buy-rated WestRock to $53 from $50 and Hold-rating International Paper (IP) to $50 from $42.
WRK WestRock
$46.37

-1.5 (-3.13%)

08/22/16
WELS
08/22/16
NO CHANGE
WELS
Packaging Corp. should be bought on any weakness, says Wells Fargo
Wells Fargo says that it expects primary paper packaging stocks to come under pressure today following an unexpected decline in semi-chemical medium pricing. However, the firm expects the financial impact on Packaging Corp (PKG) to be "de-minimis" given its "higher degrees of vertical integration." Wells recommends buying the stock on any weakness today. Other companies whose stocks could be negatively affected by the news include Greif (GEF), KapStone (KS), International Paper (IP), and WestRock (WRK), according to Wells. The firm also recommends buying International Paper on any weakness today.
09/22/16
GSCO
09/22/16
INITIATION
Target $53
GSCO
Neutral
WestRock initiated with a Neutral at Goldman
Goldman analyst Brian Maguire initiated WestRock with a Neutral and a $53 price target.
PKG Packaging Corp.
$79.48

-1.35 (-1.67%)

09/22/16
GSCO
09/22/16
INITIATION
Target $77
GSCO
Sell
Packaging Corp. initiated with a Sell at Goldman
Goldman analyst Brian Maguire initiated Packaging Corp. with a Sell and a $77 price target. The analyst expects the US containerboard oversupply situation to get worse in 2017 and for industry competition to intensify, which will negatively impact Packaging Corp. given its large exposure.
09/22/16
09/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: Packaging Corp. (PKG) initiated with a Sell at Goldman. 2. Netlist (NLST) initiated with a Buy at B. Riley. 3. Weyerhaeuser (WY) initiated with a Conviction Buy at Goldman. 4. bluebird bio (BLUE) reinstated with a Buy at Roth Capital. 5. Dentsply Sirona (XRAY) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
09/23/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) upgraded to Overweight from Equal Weight by Barclays analyst Karen Short, who assumed coverage of Wal-Mart and upped the price target for the shares to $87 from $70. Wal-Mart is Short's top pick in the sector, as she believes the retailing giant's "re-emergence as a disruptor" has the potential to "wreak havoc" on many companies in the space. 2. Cabot Oil & Gas (COG) upgraded two notches to Strong Buy from Market Perform by Raymond James analyst Kevin Smith, who said Cabot has improving fundamentals, a "prolific" growth outlook, and an attractive valuation. 3. BioDelivery Sciences (BDSI) upgraded to Buy from Neutral by Janney Capital analyst Ken Trbovich, who said that Endo International (ENDP), which uses BioDelivery's drug delivery technology, has "not yet announced, but clearly won" preferred status for Belbuca relative to market leader Butrans on United Healthcare's Prescription Drug List. 4. Packaging Corp. (PKG) upgraded to Buy from Hold by Deutsche Bank analyst Debbie Jones, citing an "improved earnings trajectory" following the TimBar acquisition. The analyst raised her price target for the shares to $90 from $77. 5. Prudential Financial (PRU) upgraded to Conviction Buy from Neutral by Goldman Sachs analyst Michael Kovac, who says his earnings estimates are now above consensus due to favorable equity markets, slowing rate pressure and lower currency headwinds. He expects Prudential's earnings to grow 10% in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CSCO

Cisco

$34.26

-0.06 (-0.17%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Cisco to host service provider tech talk »

Cisco SVP Kanouff hosts a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 03

    Mar

WSTC

West Corp.

$24.37

0.01 (0.04%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
West Corp. to host analyst day »

Analyst Day to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

AQMS

Aqua Metals

$16.38

-0.33 (-1.97%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Aqua Metals management to meet with Oppenheimer »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 01

    Mar

  • 02

    Mar

04:55
02/28/17
02/28
04:55
02/28/17
04:55
General news
Breaking General news story  »

Kansas City Federal…

WDFC

WD-40

$111.25

1.5 (1.37%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
WD-40 management to meet with Jefferies »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

AAN

Aaron's

$27.34

0.16 (0.59%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Aaron's management to meet with Jefferies »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 01

    Mar

IT

Gartner

$104.55

0.84 (0.81%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Gartner managment to meet with William Blair »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 01

    Jun

04:55
02/28/17
02/28
04:55
02/28/17
04:55
General news
Breaking General news story  »

Pres. Donald Trump Speech…

MRCY

Mercury Systems

$37.94

0.35 (0.93%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Mercury Systems management to meet with Drexel Hamilton »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

TRNO

Terreno Realty

$28.07

0.04 (0.14%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Terreno Realty management to meet with Sandler O'Neill »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 01

    Mar

EFX

Equifax

$130.81

1.43 (1.11%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Equifax to hold a webcast »

Equifax Senior Vice…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 01

    Mar

  • 01

    Mar

  • 02

    Mar

  • 02

    Mar

04:55
02/28/17
02/28
04:55
02/28/17
04:55
General news
Breaking General news story  »

St. Louis Federal Reserve…

04:55
02/28/17
02/28
04:55
02/28/17
04:55
General news
Breaking General news story  »

4-Week Bill Auction to be…

HCKT

Hackett Group

$20.13

0.12 (0.60%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Hackett Group management to meet with Roth Capital »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 01

    Mar

DLA

Delta Apparel

$18.03

0.37 (2.10%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Delta Apparel management to meet with Roth Capital »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

LPCN

Lipocine

$4.01

0.15 (3.89%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Lipocine management to meet with Roth Capital »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 21

    Mar

SRC

Spirit Realty

$11.07

0.08 (0.73%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Spirit Realty management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

VRTU

Virtusa

$30.49

2.14 (7.55%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Virtusa management to meet with Needham »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 07

    Mar

  • 16

    Mar

  • 21

    Mar

  • 22

    Mar

  • 27

    Mar

  • 28

    Mar

TGT

Target

$66.91

0.4 (0.60%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Target to hold a financial community meeting »

Management holds 2017…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 19

    Mar

LIOX

Lionbridge

$5.75

0.01 (0.17%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Lionbridge to host special shareholder meeting »

Special Shareholder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
JPMorgan to hold a conference »

Global Emerging Markets…

KT

KT Corporation

$15.89

-0.01 (-0.06%)

, SFTBY

SoftBank

$37.48

-0.63 (-1.65%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
GSM Association to hold a conference »

Mobile World Congress…

KT

KT Corporation

$15.89

-0.01 (-0.06%)

SFTBY

SoftBank

$37.48

-0.63 (-1.65%)

T

AT&T

$41.82

-0.54 (-1.27%)

NFLX

Netflix

$143.41

0.16 (0.11%)

GOOG

Alphabet

$829.28

0.64 (0.08%)

FB

Facebook

$136.41

0.97 (0.72%)

NIPNF

NEC Corp.

LBTYA

Liberty Global

$37.30

0.31 (0.84%)

ORAN

Orange SA

$15.11

-0.17 (-1.11%)

CTXS

Citrix

$80.16

-0.02 (-0.02%)

AKAM

Akamai

$62.86

-0.01 (-0.02%)

CSCO

Cisco

$34.26

-0.06 (-0.17%)

NOK

Nokia

$5.18

0.04 (0.78%)

TWTR

Twitter

$16.06

0.08 (0.50%)

VMW

VMware

$90.57

-0.44 (-0.48%)

DISCA

Discovery

$29.05

-0.22 (-0.75%)

INTC

Intel

$36.51

-0.02 (-0.05%)

QCOM

Qualcomm

$56.73

-0.49 (-0.86%)

ERIC

Ericsson

$6.44

-0.01 (-0.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 03

    Mar

  • 06

    Mar

  • 06

    Mar

  • 13

    Mar

  • 14

    Mar

  • 19

    Mar

  • 28

    Mar

  • 29

    Mar

  • 04

    Apr

  • 05

    Apr

  • 23

    May

TRIP

TripAdvisor

$42.81

0.19 (0.45%)

, SPLK

Splunk

$62.62

-0.18 (-0.29%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Morgan Stanley to hold a conference »

Technology, Media &…

TRIP

TripAdvisor

$42.81

0.19 (0.45%)

SPLK

Splunk

$62.62

-0.18 (-0.29%)

CBS

CBS

$66.23

-0.74 (-1.11%)

NTAP

NetApp

$41.27

0.32 (0.78%)

GRPN

Groupon

$4.49

0.02 (0.45%)

AMT

American Tower

$113.34

0.45 (0.40%)

CA

CA Technologies

$32.57

-0.06 (-0.18%)

TRUE

TrueCar

$14.41

0.13 (0.91%)

TNET

TriNet

$27.13

0.55 (2.07%)

STX

Seagate

$47.69

-0.06 (-0.13%)

VIA

Viacom

$46.05

-0.6 (-1.29%)

NVDA

NVIDIA

$104.41

2.95 (2.91%)

CTL

CenturyLink

$24.61

0.03 (0.12%)

SIRI

Sirius XM

$5.18

0.06 (1.17%)

MXIM

Maxim Integrated

$44.96

-0.1 (-0.22%)

CSOD

Cornerstone OnDemand

$42.65

0.4 (0.95%)

TEAM

Atlassian

$28.82

-0.45 (-1.54%)

WDC

Western Digital

$76.10

1.45 (1.94%)

YELP

Yelp

$34.07

0.61 (1.82%)

EGHT

8x8, Inc.

$15.65

-0.5 (-3.10%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 01

    Mar

  • 02

    Mar

  • 05

    Mar

  • 06

    Mar

  • 08

    Mar

  • 08

    Mar

  • 13

    Mar

  • 14

    Mar

  • 16

    Mar

  • 19

    Mar

  • 20

    Mar

  • 22

    Mar

  • 23

    Mar

VAC

Marriott Vacations

$96.62

-2.28 (-2.31%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
Marriott Vacations management to meet with MKM Partners »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

NURO

NeuroMetrix

$0.64

0.0087 (1.38%)

04:55
02/28/17
02/28
04:55
02/28/17
04:55
Conference/Events
NeuroMetrix to host special shareholder meeting »

Special Shareholder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Feb

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.