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Fly News Breaks for July 12, 2017
SLGN, PKG, IP
Jul 12, 2017 | 21:45 EDT
Goldman Sachs analyst Brian Maguire upgraded International Paper (IP) to Buy and raised his price target for the shares to $64 from $60. The paper and packaging company closed the trading day up 17c to $57.21. With e-commerce now a larger part of the base, box demand can grow 2%-3%, Maguire tells investors in a research note. He also believes 2018 consensus estimates do not reflect Containerboard price increases. Maguire tonight also upgraded Packaging Corp. of America (PKG) to Neutral and downgraded Silgan Holdings (SLGN) to Sell.
News For IP;PKG;SLGN From the Last 2 Days
PKG
Apr 25, 2024 | 07:13 EDT
IP
Apr 25, 2024 | 07:04 EDT
Reports Q1 revenue $4.62B, consensus $4.56B. "International Paper made progress executing our strategic initiatives in the first quarter,'' said Mark Sutton, chairman and CEO. "We saw commercial benefits from our business strategies, as well as cost benefits from mill system optimization. Although costs remain elevated and volumes were seasonally lower in the quarter, market trends continue to improve."
IP
Apr 24, 2024 | 09:41 EDT
