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IP

International Paper

$46.42

-0.67 (-1.42%)

, WRK

WestRock

$46.37

-1.5 (-3.13%)

14:37
10/05/16
10/05
14:37
10/05/16
14:37

Rumor of Georgia Pacific delaying price increase weighs on containboard names

Shares of several containerboard stocks, including International Paper (IP), WestRock (WRK) and Packaging Corp. (PKG), have moved to their lows in afternoon trading. Traders are pointing to a tweet from Mike Bergen - "Chatter Georgia Pacific delaying their price hike to Nov 1. Negative containerboard." - as a contributor to the move lower, according to contacts. Reference Link

IP

International Paper

$46.42

-0.67 (-1.42%)

WRK

WestRock

$46.37

-1.5 (-3.13%)

PKG

Packaging Corp.

$79.48

-1.35 (-1.67%)

  • 20

    Oct

  • 27

    Oct

IP International Paper
$46.42

-0.67 (-1.42%)

08/25/16
DBAB
08/25/16
NO CHANGE
DBAB
International Paper seeks to increase containerboard prices, says Deutsche Bank
08/25/16
DBAB
08/25/16
NO CHANGE
DBAB
International Paper to increase containerboard prices, says Deutsche Bank
Deutsche Bank analyst Debbie Jones says International Paper (IP) is increasing containerboard prices by $50 per ton effective October 1st, citing trade contacts. The analyst notes that she is not aware of similar moves from other producers, but suspects additional announcements may come. Nonetheless, Jones questions whether or not the full amount will be achieved and if an increase is sustainable. A successful increase would be beneficial not only for International Paper, but also for WestRock (WRK), Packaging Corp (PKG) and KapStone (KS), the analyst says, noting that Greif (GEF) also has modest exposure to containerboard. In afternoon trading, International Paper's stock has gained over 4% to $48.59 per share.
09/22/16
GSCO
09/22/16
INITIATION
Target $49
GSCO
Neutral
International Paper initiated with a Neutral at Goldman
Goldman analyst Brian Maguire initiated International Paper with a Neutral and a $49 price target. This replaces an earlier note that incorrectly reported a price target of $40.
09/23/16
DBAB
09/23/16
UPGRADE
Target $90
DBAB
Buy
Packaging Corp. upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Debbie Jones upgraded Packaging Corp. of America (PKG) to Buy citing an "improved earnings trajectory" following the TimBar acquisition. The analyst raised her price target for the shares to $90 from $77. Jones this morning also upgraded KapStone (KS) to Buy. She raised her estimates across the Paper & Packaging space to reflect the likelihood of success for the October containerboard price hike initiative. Jones also raised her price target for Buy-rated WestRock to $53 from $50 and Hold-rating International Paper (IP) to $50 from $42.
WRK WestRock
$46.37

-1.5 (-3.13%)

08/22/16
WELS
08/22/16
NO CHANGE
WELS
Packaging Corp. should be bought on any weakness, says Wells Fargo
Wells Fargo says that it expects primary paper packaging stocks to come under pressure today following an unexpected decline in semi-chemical medium pricing. However, the firm expects the financial impact on Packaging Corp (PKG) to be "de-minimis" given its "higher degrees of vertical integration." Wells recommends buying the stock on any weakness today. Other companies whose stocks could be negatively affected by the news include Greif (GEF), KapStone (KS), International Paper (IP), and WestRock (WRK), according to Wells. The firm also recommends buying International Paper on any weakness today.
09/22/16
GSCO
09/22/16
INITIATION
Target $53
GSCO
Neutral
WestRock initiated with a Neutral at Goldman
Goldman analyst Brian Maguire initiated WestRock with a Neutral and a $53 price target.
PKG Packaging Corp.
$79.48

-1.35 (-1.67%)

09/22/16
GSCO
09/22/16
INITIATION
Target $77
GSCO
Sell
Packaging Corp. initiated with a Sell at Goldman
Goldman analyst Brian Maguire initiated Packaging Corp. with a Sell and a $77 price target. The analyst expects the US containerboard oversupply situation to get worse in 2017 and for industry competition to intensify, which will negatively impact Packaging Corp. given its large exposure.
09/22/16
09/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: Packaging Corp. (PKG) initiated with a Sell at Goldman. 2. Netlist (NLST) initiated with a Buy at B. Riley. 3. Weyerhaeuser (WY) initiated with a Conviction Buy at Goldman. 4. bluebird bio (BLUE) reinstated with a Buy at Roth Capital. 5. Dentsply Sirona (XRAY) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
09/23/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) upgraded to Overweight from Equal Weight by Barclays analyst Karen Short, who assumed coverage of Wal-Mart and upped the price target for the shares to $87 from $70. Wal-Mart is Short's top pick in the sector, as she believes the retailing giant's "re-emergence as a disruptor" has the potential to "wreak havoc" on many companies in the space. 2. Cabot Oil & Gas (COG) upgraded two notches to Strong Buy from Market Perform by Raymond James analyst Kevin Smith, who said Cabot has improving fundamentals, a "prolific" growth outlook, and an attractive valuation. 3. BioDelivery Sciences (BDSI) upgraded to Buy from Neutral by Janney Capital analyst Ken Trbovich, who said that Endo International (ENDP), which uses BioDelivery's drug delivery technology, has "not yet announced, but clearly won" preferred status for Belbuca relative to market leader Butrans on United Healthcare's Prescription Drug List. 4. Packaging Corp. (PKG) upgraded to Buy from Hold by Deutsche Bank analyst Debbie Jones, citing an "improved earnings trajectory" following the TimBar acquisition. The analyst raised her price target for the shares to $90 from $77. 5. Prudential Financial (PRU) upgraded to Conviction Buy from Neutral by Goldman Sachs analyst Michael Kovac, who says his earnings estimates are now above consensus due to favorable equity markets, slowing rate pressure and lower currency headwinds. He expects Prudential's earnings to grow 10% in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BMY

Bristol-Myers

$62.28

0.45 (0.73%)

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EXEL

Exelixis

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0.14 (0.50%)

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Roche

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RHHBY

Roche

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ARRY

Array BioPharma

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0.26 (2.02%)

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SO

Southern Company

$44.44

-0.46 (-1.02%)

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TECK

Teck Resources

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0.19 (0.65%)

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TWTR

Twitter

$23.66

-0.38 (-1.58%)

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SPY

SPDR S&P 500 ETF Trust

$280.41

1.27 (0.45%)

, SPX

S&P 500

13:58
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SPDR S&P 500 ETF Trust

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FB

Facebook

$181.29

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, NYT

New York Times

$21.90

1.7 (8.42%)

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FB

Facebook

$181.29

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NYT

New York Times

$21.90

1.7 (8.42%)

NWSA

News Corp.

$17.22

0.21 (1.23%)

FOXA

21st Century Fox

$36.65

0.47 (1.30%)

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WMT

Walmart

$104.59

0.29 (0.28%)

13:36
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13:36
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Still time to shop Walmart shares as company makes changes, Barron's says »

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AAPL

Apple

$178.46

-0.8 (-0.45%)

, NFLX

Netflix

$220.46

0.13 (0.06%)

08:59
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Periodicals
Netflix among likely candidates for an Apple purchase, Barron's says »

Especially for tech…

AAPL

Apple

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NFLX

Netflix

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BA

Boeing

$337.73

-2.43 (-0.71%)

08:50
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Boeing not a sell just yet, Barron's says »

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AAPL

Apple

$178.46

-0.8 (-0.45%)

, EADSY

Airbus

$28.43

0.755 (2.73%)

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AAPL

Apple

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EADSY

Airbus

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BA

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VZ

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NYT

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TWX

Time Warner

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DIS

Disney

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TIME

Time Inc.

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AMZN

Amazon.com

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BAC

Bank of America

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Goldman Sachs

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BK

BNY Mellon

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WLKP

Westlake Chemical Partners

$24.45

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MON

Monsanto

$120.66

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DLTR

Dollar Tree

$114.73

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CE

Celanese

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LYB

LyondellBasell

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3.03 (2.59%)

TSE

Trinseo

$79.45

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EYE

National Vision

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ETFC

E-Trade

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LPLA

LPL Financial

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AMTD

TD Ameritrade

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SCHW

Charles Schwab

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ADS

Alliance Data

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FISV

Fiserv

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FLT

FleetCor

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HAWK

Blackhawk

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MTZ

MasTec

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CME

CME Group

$154.28

2.07 (1.36%)

, GS

Goldman Sachs

$256.12

5.15 (2.05%)

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Conference/Events
American Bar Association to hold annual meeting »

Derivatives & Futures…

CME

CME Group

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GS

Goldman Sachs

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BP

BP

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C

Citi

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BAC

Bank of America

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CS

Credit Suisse

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CRL

Charles River

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MS

Morgan Stanley

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AMGN

Amgen

$189.28

1.69 (0.90%)

, BAYRY

Bayer

$32.05

0.235 (0.74%)

04:55
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Conference/Events
American Society of Clinical Oncology to hold a symposium »

2018 ASCO…

AMGN

Amgen

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BAYRY

Bayer

$32.05

0.235 (0.74%)

BLRX

BioLineRx

$1.09

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BMY

Bristol-Myers

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0.45 (0.73%)

CELG

Celgene

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0.93 (0.91%)

DNA

Bought by RHHBY

ESALY

Eisai

$56.88

0.115 (0.20%)

EXEL

Exelixis

$28.00

0.14 (0.50%)

HALO

Halozyme

$17.98

0.13 (0.73%)

INCY

Incyte

$93.16

1.24 (1.35%)

IPSEY

Ipsen

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LXRX

Lexicon

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MGNX

MacroGenics

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0.3 (1.59%)

MRK

Merck

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NVS

Novartis

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SNY

Sanofi

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ONCY

Oncolytics

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WLFC

Willis Lease

$26.66

0.05 (0.19%)

18:59
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DPS

Dr Pepper Snapple

$96.35

1.03 (1.08%)

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Dr Pepper to become official sponsor of esports team TSM »

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RCII

Rent-A-Center

$11.70

0.09 (0.78%)

17:53
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Vintage Capital in standstill pact with Rent-A-Center »

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AR

Antero Resources

$18.74

-0.59 (-3.05%)

17:44
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17:44
Recommendations
Antero Resources analyst commentary at MUFG »

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T

AT&T

$37.21

0.06 (0.16%)

, TWX

Time Warner

$93.36

0.39 (0.42%)

17:44
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17:44
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T

AT&T

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TWX

Time Warner

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VZ

Verizon

$51.91

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CMCSA

Comcast

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CMCSK

Comcast

DISH

Dish

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CHTR

Charter

$366.05

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DIS

Disney

$110.59

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VIA

Viacom

$39.20

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VIAB

Viacom

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GRPN

Groupon

$5.57

0.46 (9.00%)

17:44
01/19/18
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17:44
Hot Stocks
Groupon announces Chief Product Officer Jay Sullivan resigns »

On January 17, Jay…

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CELG

Celgene

$102.65

0.93 (0.91%)

17:41
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17:41
Hot Stocks
Celgene's Abraxane exceeds primary endpoint target in pancreatic cancer trial »

Celgene announced primary…

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VALU

Value Line

$19.60

0.3 (1.55%)

17:40
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01/19
17:40
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17:40
Hot Stocks
Value Line reaffirms $3M stock repurchase program »

The Board of Directors…

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VALU

Value Line

$19.60

0.3 (1.55%)

17:39
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Hot Stocks
Value Line declares special dividend of 20c per share »

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

17:34
01/19/18
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17:34
Hot Stocks
Zealand Pharma: FDA approves IND for Phase 3 trials of dasiglucagon in CHI »

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

17:29
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01/19
17:29
01/19/18
17:29
Hot Stocks
Genmab says FDA grants priority review for daratumumab »

Genmab (GNMSF) announced…

GNMSF

Genmab

$190.75

2.75 (1.46%)

JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

03/08/13
Wedge Partners
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