Information Provided By: 
Fly News Breaks for May 6, 2015
IP, GPK, KS, RKT, PKG
May 6, 2015 | 06:48 EDT
Deutsche Bank says IRS proposal relating to timber as a natural resource suggests that the agency wants to limit the scope of master limited partnership qualifying income. Deutsche views the proposal as a short-term negative for containerboard and paper companies since investors have been "actively supporting" the MLP structure. It keeps Buy ratings on Packaging Corp. (PKG), RockTenn (RKT), KapStone (KS) and Graphic Packaging (GPK).
News For PKG;RKT;KS;GPK;IP 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."
RKT
Apr 24, 2024 | 14:46 EDT
IP
Apr 24, 2024 | 09:41 EDT
