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Fly News Breaks for February 16, 2017
PKG, IP, WRK
Feb 16, 2017 | 07:01 EDT
Jefferies analyst Philip Ng believes the $50/ton price increase will stick and that there's still "good upside" to shares of WestRock (WRK), International Paper (IP) and Packaging Corp. (PKG). Current fundamentals compare more favorably than the majority of past successful price hikes, Ng tells investors in a research note. He says that while the market has "shrugged off" the price increase, it implies 20% upside to earnings, even with higher input costs. Ng has Buy ratings on all three stocks.
News For WRK;IP;PKG 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
