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PKG

Packaging Corp.

$80.61

-0.84 (-1.03%)

17:01
10/11/16
10/11
17:01
10/11/16
17:01

Packaging Corp. to acquire Columbus Container

Packaging Corporation of America announced that it has entered into a definitive agreement to acquire substantially all of the assets of Columbus Container, an independent corrugated products producer, in a cash-free, debt-free transaction for a cash purchase price of $100M. Under the terms of the agreement, PCA will acquire a full-line corrugated products facility located in Columbus, Indiana, five warehousing facilities and other related operations located in Indiana and Illinois. The transaction is structured as a purchase of assets resulting in a full step-up of the assets to fair market value. Closing is subject to certain customary conditions and regulatory approval and is expected in Q4. The company expects to finance the transaction with available cash on hand.

  • 20

    Oct

PKG Packaging Corp.
$80.61

-0.84 (-1.03%)

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
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.
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

LL

Lumber Liquidators

$24.50

0.14 (0.57%)

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QCOM

Qualcomm

$53.21

0.17 (0.32%)

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Apple

$143.79

0.11 (0.08%)

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SPY

SPDR S&P 500 ETF Trust

$238.16

-0.44 (-0.18%)

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$239.68

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On The Fly: ETF fund flow highlights »

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SPDR S&P 500 ETF Trust

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Vanguard S&P 500 ETF

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iShares Trust Russell 2000 Index Fund

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PowerShares QQQ Trust

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XLF

Financial Select Sector

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iShares MSCI Eurozone ETF

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TLT

iShares 20+ Year Treasury Bond Fund

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HYG

iShares iBoxx $ High Yield Corporate Bond

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XLP

Consumer Staples Sector SPDR

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Vanguard REIT Index Fund

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CPN

Calpine

$10.00

0.41 (4.28%)

13:31
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13:31
Options
Calpine calls active after earnings »

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13:30
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General news
NY Fed accepted $181.98 B in daily reverse repos »

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ALDR

Alder Biopharmaceuticals

$21.35

-0.8 (-3.61%)

13:25
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Alder Biopharmaceuticals presents 'positive' Phase 2b data for Eptinezumab »

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  • 06

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OCN

Ocwen

$2.26

0.03 (1.35%)

13:22
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04/28
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Periodicals
CFPB was seeking Ocwen settlement in $50M range, IMF reports »

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BCEI

Bonanza Creek

$0.79

0.0099 (1.27%)

13:21
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$NSD

NASDAQ Market Internals

13:17
04/28/17
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13:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

13:16
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NYSE market internals summary »

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SAN

Banco Santander

$6.53

0.08 (1.24%)

13:16
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Options
Banco Santander put volume heavy and directionally bearish »

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13:15
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General news
Energy Action: Baker-Hughes »

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BCEI

Bonanza Creek

$0.79

0.0099 (1.27%)

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13:06
04/28/17
04/28
13:06
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General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 4/28 Baker-Hughes…

MSI

Motorola Solutions

$85.88

-0.19 (-0.22%)

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BCEI

Bonanza Creek

$0.79

0.0049 (0.63%)

13:03
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BHI

Baker Hughes

$59.34

-0.31 (-0.52%)

13:03
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Baker Hughes reports U.S. rig count up 13 to 870 rigs »

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HBP

Huttig Building Products

$9.03

0.28 (3.20%)

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Huttig Building announces national distribution pact with Knauf Insulation »

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  • 02

    May

13:00
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Breaking General news story  »

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HNHPF

Hon Hai Precision

12:59
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Periodicals
Foxconn to invest in U.S., Reuters reports »

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IEF

iShares 7-10 Year Treasury Bond ETF

$106.48

-0.015 (-0.01%)

12:51
04/28/17
04/28
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Options
$7.7M vote of confidence in iShares 7 to 10 year Treasury Bond ETF »

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CPN

Calpine

$9.95

0.3599 (3.75%)

12:48
04/28/17
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Calpine viewed as potential leveraged buyout target, SparkSpread says »

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12:45
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General news
Breaking General news story  »

Week of 4/28 Baker-Hughes…

CMCSA

Comcast

$39.59

0.8 (2.06%)

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Comcast

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CMCSA

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$39.59

0.8 (2.06%)

CMCSK

Comcast

FOXA

21st Century Fox

$30.56

-0.18 (-0.59%)

LGF.B

Lionsgate

$23.85

-0.15 (-0.63%)

DIS

Disney

$115.42

-0.4199 (-0.36%)

VIAB

Viacom

$43.31

-0.07 (-0.16%)

LGF.A

Lionsgate

$26.15

-0.13 (-0.49%)

VIA

Viacom

$45.40

0.4 (0.89%)

SNE

Sony

$34.26

0.535 (1.59%)

FOX

21st Century Fox

$29.93

-0.12 (-0.40%)

TWX

Time Warner

$99.56

-0.34 (-0.34%)

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AAPL

Apple

$143.79

0.11 (0.08%)

, GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

12:37
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On The Fly: Top stock stories at midday »

The major averages began…

AAPL

Apple

$143.79

0.11 (0.08%)

GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

GOOG

Alphabet

$874.25

2.52 (0.29%)

AMZN

Amazon.com

$918.38

9.09 (1.00%)

MSFT

Microsoft

$68.27

0.44 (0.65%)

QCOM

Qualcomm

$53.21

0.17 (0.32%)

XOM

Exxon Mobil

$81.77

0.5079 (0.63%)

CVX

Chevron

$106.18

0.71 (0.67%)

ALGN

Align Technology

$120.09

0.35 (0.29%)

WDC

Western Digital

$85.71

1.1 (1.30%)

HON

Honeywell

$132.01

2.13 (1.64%)

TIME

Time Inc.

$14.82

-3.4752 (-18.99%)

INTC

Intel

$37.43

0.5 (1.35%)

GPRO

GoPro

$8.94

-0.2 (-2.19%)

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