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Fly News Breaks for February 14, 2017
PKG, WRK, IP, KS
Feb 14, 2017 | 06:15 EDT
Citi analyst Anthony Pettinari expects the investor response to KapStone's (KS) $50/ton containerboard price increase domestically to be "somewhat muted" until the hike is followed by the four leading producers. The analyst expects International Paper (IP), WestRock (WRK), Packaging Corp. (PKG) and Georgia Pacific to ultimately follow suit. Pettinari remains a buyer of WestRock and International Paper, with WestRock his preferred name.
News For KS;IP;WRK;PKG From the Last 2 Days
PKG
Apr 26, 2024 | 08:48 EDT
IP
Apr 26, 2024 | 07:53 EDT
Wells Fargo lowered the firm's price target on International Paper (IP) to $37 from $42 and keeps an Equal Weight rating on the shares. While improving containerboard fundamentals are positive for International Paper, Wells believes the DS Smith (DITHF) merger remains an overhang, the analyst tells investors in a research note. In addition, the firm says it remains unclear how long or what level of return is associated with increased spend across the company's Industrial Packaging operations.
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
