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IP

International Paper

$46.62

0.47 (1.02%)

04:55
11/07/18
11/07
04:55
11/07/18
04:55

International Paper management to meet with Seaport Global

Meetings to be held in New York November 6-7 hosted by Seaport Global.

  • 07

    Nov

IP International Paper
$46.62

0.47 (1.02%)

10/09/18
BMOC
10/09/18
DOWNGRADE
Target $51
BMOC
Market Perform
International Paper cut to Market Perform at BMO Capital on supply capacity
As reported earlier, BMO Capital analyst Mark Wilde downgraded International Paper to Market Perform from Outperform and lowered his price target to $51 from $66. The analyst points to the "growing list of containerboard supply additions" - the biggest capacity surge in over two decades - even though the valuation on the stock doesn't look expensive. Wilde adds that it remains unclear over how the incremental capacity will be absorbed, with demand growth already slowing in spite of the "robust" macro economy, and lowers his FY19 EBITDA view to $4.3B from $4.4B.
10/10/18
GSCO
10/10/18
DOWNGRADE
Target $53
GSCO
Neutral
International Paper downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Brian Maguire downgraded International Paper (IP) to Neutral and lowered his price target for the shares to $53 from $63. The stock closed yesterday down $2.69 to $44.64. Following 12 new U.S. containerboard capacity announcements since his upgrade of the shares on July 12, 2017, the analyst now forecasts 11% growth in North American capacity from 2019-2022 against an estimate of 2% per year demand growth. U.S. containerboard supply growth will outpace demand growth during the 2020-2022 period, which increases the risk of pricing/earnings declines in that time period, Maguire tells investors in a research note. The analyst admits that he underestimated the speed and severity of the supply response in the industry to the acceleration in demand. Maguire also lowered his price target for Buy-rated WestRock (WRK) to $64 from $73 and removed the shares from his firm's Americas Conviction List. He also dropped his price target for Neutral-rated Packaging Corp. (PKG) to $108 from $119.
10/10/18
10/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Vipshop (VIPS) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao saying as the "tough competitive environment and harder-than-expected synergy generation," Vipshop is likely to adjust its strategy to re-focus on core off-season apparel distribution and prioritize profitability over sales growth. 2. International Paper (IP) downgraded to Neutral from Buy at Goldman Sachs while WestRock (WRK) was downgraded to Buy from Conviction Buy. 3. Clorox (CLX), Church & Dwight (CHD), and Kimberly-Clark (KMB) were downgraded to Sell from Hold at Deutsche Bank. 4. Sherwin-Williams (SHW) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying "tough" market comments from companies like H.B. Fuller (FUL), PPG (PPG) and RPM (RPL) suggest that coatings companies are likely to be challenged by rising raw materials costs and slowing growth in key end markets, including China. 5. KKR (KKR) downgraded to Neutral from Buy at BofA/Merrill with analyst Michael Carrier citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/23/18
GHSC
10/23/18
INITIATION
GHSC
Neutral
International Paper initiated with a Neutral at Seaport Global
Seaport Global analyst Mark Weintraub initiated International Paper with a Neutral saying it is more exposed to weakening environments and does not have a record of value creation.

TODAY'S FREE FLY STORIES

UNIT

Uniti Group

$20.00

0.53 (2.72%)

, WIN

Windstream

$3.37

0.2 (6.31%)

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Downgrade
Uniti Group, Windstream rating change  »

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UNIT

Uniti Group

$20.00

0.53 (2.72%)

WIN

Windstream

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BBD

Banco Bradesco

$12.40

0.07 (0.57%)

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PCG

PG&E

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0.02 (0.13%)

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NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

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XPO

XPO Logistics

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  • 20

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NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:43
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Noble Midstream sees FY19 capital budget $335M-$375M »

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  • 19

    Feb

NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:42
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Noble Midstream sees adjusted EBITDA from partnership of at least $300M in 2020 »

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  • 19

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CSX

CSX

$72.52

0.91 (1.27%)

07:41
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HEXO

HEXO Corp

$5.57

0.17 (3.15%)

07:40
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Initiation
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WIN

Windstream

$3.37

0.2 (6.31%)

07:40
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07:40
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07:40
Downgrade
Windstream rating change  »

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  • 25

    Feb

AMSC

AMSC

$15.00

-0.8 (-5.06%)

07:40
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Conference/Events
AMSC management to meet with Roth Capital »

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  • 19

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NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:40
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  • 19

    Feb

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General news
Treasury Market Outlook: bond yields have dipped slightly lower amid risk-off flows »

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CEQP

Crestwood Equity

$32.82

-0.06 (-0.18%)

07:39
02/19/19
02/19
07:39
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Earnings
Crestwood Equity sees FY19 net income $105M-$135M »

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  • 19

    Feb

PODD

Insulet

$88.51

3.68 (4.34%)

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  • 25

    Feb

NWL

Newell Brands

$17.15

-4.55 (-20.97%)

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  • 19

    Feb

CEQP

Crestwood Equity

$32.82

-0.06 (-0.18%)

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  • 19

    Feb

IRBT

iRobot

$119.34

4 (3.47%)

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WPC

W.P. Carey

$75.16

-0.02 (-0.03%)

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  • 22

    Feb

EBAY

eBay

$36.59

0.28 (0.77%)

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  • 03

    Mar

MIDD

Middleby

$126.19

2.13 (1.72%)

07:36
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PEP

PepsiCo

07:36
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PepsiCo analyst commentary  »

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  • 19

    Feb

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PATK

Patrick Industries

$47.06

2.01 (4.46%)

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SB

Safe Bulkers

$1.60

-0.01 (-0.62%)

07:35
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Earnings
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  • 19

    Feb

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