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GPK

Graphic Packaging

$14.22

0.155 (1.10%)

, WRK

WestRock

$61.89

1.03 (1.69%)

08:25
05/17/18
05/17
08:25
05/17/18
08:25

Graphic Packaging announced another price increase, says KeyBanc

After successfully raising coated recycled paperboard prices by $50 per ton in February-March, Graphic Packaging (GPK) announced another $50 per ton increase yesterday effective June 15, KeyBanc analyst Adam Josephson tells investors in a research note, citing RISI. Sources told RISI that WestRock (WRK) is likely to also announce a $50 per ton increase for June, the analyst adds. Josephson believes boxboard industry conditions are "quite healthy at the moment."

GPK

Graphic Packaging

$14.22

0.155 (1.10%)

WRK

WestRock

$61.89

1.03 (1.69%)

GPK Graphic Packaging
$14.22

0.155 (1.10%)

05/10/18
SPHN
05/10/18
NO CHANGE
Target $23
SPHN
Overweight
Graphic Packaging doesn't share customers' growth problems, says Stephens
Stephens analyst Mark Connelly blames recent pressure on shares of Graphic Packaging on the growth struggles evidenced by some of its big Consumer Packaged Goods customers. However, he points out that Graphic Packaging is not sharing in those growth problems, noting that it has seen four quarters of volume growth as it replaces big brand volume with business from smaller, faster growth clients. He sees the selling pressure as a buying opportunity and maintains an Overweight rating and $23 price target on Graphic Packaging shares.
01/29/18
SBSH
01/29/18
NO CHANGE
SBSH
Buy
Citi moves Berry to top pick in Paper & Packaging
Citi analyst Anthony Pettinari believes Paper & Packaging stocks have further room to run following International Paper's (IP) $50 per ton containerboard price hike, which has been followed by KapStone (KS). The analyst expects other major producers to announce hikes over the next few days. His analysis suggests that even in cases where hikes were anticipated, Paper & Packaging stocks tend to outperform in the months following the price hikes as investors gain confidence in the box portion of the price hike, which can take up to nine months to fully implement. Pettinari moved Berry Global (BERY) to his top pick in the sector citing the stock's relative underperformance year-to-date.
10/24/17
SPHN
10/24/17
NO CHANGE
Target $20
SPHN
Overweight
Graphic Packaging target raised to $20 on International Paper deal at Stephens
Stephens analyst Mark Connelly, who just initiated Graphic Packaging (GPK) with an Overweight rating last night, raised his price target to $20 from $17 to reflect the benefits he sees in the company's newly announced deal to take control of International Paper's (IP) consumer packaging business. The agreement is "transformational," as it increases revenue by about 50% and opens up a range of markets, and he views Graphic's $75M synergy target as conservative, Connelly tells investors.
10/24/17
SPHN
10/24/17
INITIATION
Target $17
SPHN
Overweight
Graphic Packaging initiated with an Overweight at Stephens
Stephens analyst Mark Connelly started Graphic Packaging with an Overweight rating and $17 price target, saying he expect earnings growth to be driven by volume and integration benefits as the company expands in the U.S. and overseas.
WRK WestRock
$61.89

1.03 (1.69%)

02/08/18
DBAB
02/08/18
DOWNGRADE
Target $35
DBAB
Hold
KapStone downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Debbie Jones downgraded KapStone Paper & Packaging (KS) to Hold to reflect the takeover by WestRock (WRK). The analyst raised her price target for the shares to $35 from $29. She points out that WestRock management "quickly dismissed" concerns over potential antitrust issues.
02/01/18
RBCM
02/01/18
DOWNGRADE
Target $35
RBCM
Sector Perform
KapStone downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Paul Quinn downgraded KapStone (KS) to Equal Weight from Overweight and raised his price target to $35 from $30 after the company agreed to be acquired by WestRock (WRK), stating that he sees the bid as strong, not anticipating any competing offers.
01/30/18
SBSH
01/30/18
DOWNGRADE
Target $35
SBSH
Neutral
KapStone downgraded to Neutral from Buy at Citi
Citi analyst Anthony Pettinari yesterday downgraded KapStone (KS) while raising his price target for the shares to $35 from $29. The analyst thinks competing takeover bids to WestRock's (WRK) are unlikely given the deal valuation and WestRock's ability to drive superior synergies.
01/30/18
SPHN
01/30/18
DOWNGRADE
Target $35
SPHN
Equal Weight
KapStone downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Mark Connelly downgraded KapStone (KS) to Equal Weight from Overweight after the company agreed to be acquired by WestRock (WRK), stating that he sees the $35 share price as "full and fair" and considers it highly unlikely that KapStone will attract a competing bid.

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