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HXL

Hexcel

$79.09

0.46 (0.59%)

, PKG

Packaging Corp.

$92.45

-0.02 (-0.02%)

08:49
06/27/19
06/27
08:49
06/27/19
08:49

BMO Capital to hold a conference

2019 Chemicals & Packaging Conference will be held in New York on June 27.

HXL

Hexcel

$79.09

0.46 (0.59%)

PKG

Packaging Corp.

$92.45

-0.02 (-0.02%)

  • 27

    Jun

  • 25

    Jul

  • 13

    Nov

HXL Hexcel
$79.09

0.46 (0.59%)

03/06/19
LOOP
03/06/19
DOWNGRADE
Target $78
LOOP
Hold
Hexcel downgraded to Hold from Buy at Loop Capital
Loop Capital analyst Chris Kapsch downgraded Hexcel to Hold while raising his price target to $78 from $77. The company is positioned to continue delivering both "attractive earnings growth and solid returns for its shareholders," but most of the good news is reflected in consensus estimates and investor sentiment, Kapsch tells investors in a research note. As such, he envisions a "plateauing of sorts" for the stock's valuation. The analyst no longer sees enough upside over the next 12 months to justify our Buy rating.
03/13/19
LOOP
03/13/19
NO CHANGE
Target $78
LOOP
Hold
Hexcel may not benefit from aircraft order shift to Airbus, says Loop Capital
Loop Capital analyst Chris Kapsch kept his Hold rating and $78 price target on Hexcel (HXL) in the wake of the Boeing (BA) 737max crisis. The analyst states that the issue appears to be around the plane's software/avionics, with nothing problematic with the composite-intensive plane structure or its engines, but believes that the flight halt by global airlines creates an "adverse sentiment for the entire commercial aero supply chain". While Hexcel is also a supplier for Airbus' (EADSY) A320neo jet, the shift in demand for that aircraft may not balance out the Boeing headwinds in the near term since the production capacity for the A320 remains constrained, Kapsch tells investors.
05/22/19
BMOC
05/22/19
NO CHANGE
Target $84
BMOC
Outperform
Hexcel price target raised to $84 from $80 at BMO Capital
BMO Capital analyst John McNulty raised his price target on Hexcel to $84 and kept his Outperform rating after its Analyst Day presentation forecast of double-digit earnings and 6-9% revenue growth per year over the next 3 years. The analyst cites the company's expected benefit from the Space & Defense as well as Industrial segments while also noting a "reasonable" rate of growth in its Commercial Aerospace business given the ramp of its platforms. McNulty adds that Hexcel has the backlog to support its revenue growth projections, also anticipating its "sizable cash flow" to be allocated toward M&A and buybacks.
05/23/19
UBSW
05/23/19
UPGRADE
Target $76
UBSW
Neutral
Hexcel upgraded to Neutral from Sell at UBS
UBS analyst Myles Walton upgraded Hexcel to Neutral from Sell and raised his price target for the shares to $76 from $67. The analyst believes the company's cash position outweighs the business slowdown it is facing.
PKG Packaging Corp.
$92.45

-0.02 (-0.02%)

04/16/19
BOFA
04/16/19
DOWNGRADE
BOFA
Neutral
International Paper, Packaging Corp. downgraded to Neutral at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst George Staphos downgraded International Paper (IP) and Packaging Corp. (PKG), each to Neutral from Buy, following "disappointing" March containerboard industry data points reported today. Box shipments were down a "surprising" 3.0% year-over-year and inventories declined 47,000 tons, said Staphos, who believes the industry needs to drop inventories 400-500K tons between February and June to get back into balance. The analyst, who now anticipates an increased likelihood of another price cut during Q2, lowered his price target on International Paper shares to $50 from $53, cut his price target on Packaging Corp. to $107 from $112 and lowered his price target on WestRock (WRK) to $41 from $43.
04/26/19
SPHN
04/26/19
DOWNGRADE
SPHN
Equal Weight
Packaging Corp. downgraded to Equal Weight from Overweight at Stephens
04/26/19
SPHN
04/26/19
DOWNGRADE
Target $100
SPHN
Equal Weight
Packaging Corp. downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Mark Connelly downgraded Packaging Corp to Equal Weight with a price target of $100, saying that while there are levers the management can pull to "create additional value", he expects pressure on the stock from another containerboard price cut in Q2. The analyst further cites the company having outperformed "substantially" thus far in 2019, while noting that at best, the year should be "modestly positive year for box shipments" amid weaker economy.
05/15/19
UBSW
05/15/19
INITIATION
Target $109
UBSW
Buy
Packaging Corp initiated with a Buy at UBS
UBS analyst Edlain Rodriguez initiated Packaging Corp with a Buy rating and a price target of $109, saying that in spite of the near-term containerboard price decline for the first time in 3 years, the stock offers a favorable risk-reward. The analyst believes that another $40/ton decline in prices anticipated by the market is "too pessimistic", forecasting a more moderate price decline of $10/ton given his expected production downtime and capacity delays.

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Akerna

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TSMC

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BKNG

Booking Holdings

$1,871.84

4.82 (0.26%)

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$123.46

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FULC

Fulcrum Therapeutics

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

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XOP

SPDR Oil Exploration and Production Fund

$24.46

-0.15 (-0.61%)

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