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Fly News Breaks for September 30, 2016
KS
Sep 30, 2016 | 07:40 EDT
RBC Capital analyst Paul Quinn raised his price target on KapStone citing successful implementation of rate hikes by the company in both of its core business lines. The analyst now assumed that $40 of the $50 per ton rate hike will stick, and he expects kraft paper export prices to also rise. He says that the stock's valuation is "compelling," and he keeps an Outperform rating on the shares.
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