Jefferies analyst Philip Ng notes that according to RISI, Georgia-Pacific has matched the $50 per ton containerboard price increase for mid-March. With the second and third largest players announcing price increases, International Paper (IP) is likely to soon follow, Ng tells investors in a research note. He expects the price increase "will stick" and sees "good upside" to shares of WestRock (WRK), IP and Packaging Corp. (PKG).
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Macatawa... To see the rest of the story go to thefly.com. See Story Here