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IP

International Paper

$43.15

-0.06 (-0.14%)

05:37
07/11/19
07/11
05:37
07/11/19
05:37

International Paper downgraded to Neutral from Buy at Citi

Citi analyst Anthony Pettinari downgraded International Paper to Neutral from Buy.

  • 25

    Jul

  • 04

    Sep

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    Sep

IP International Paper
$43.15

-0.06 (-0.14%)

04/16/19
BOFA
04/16/19
DOWNGRADE
BOFA
Neutral
International Paper downgraded to Neutral from Buy at BofA/Merrill
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.
06/24/19
SPHN
06/24/19
DOWNGRADE
Target $60
SPHN
Equal Weight
International Paper downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Mark Connelly downgraded International Paper (IP) to Equal Weight from Overweight, noting that RISI decided to cut the price of containerboard $10 "just three days after investors breathed a sigh of relief on encouraging supply-demand fundamentals." The $10 price cut triggers contract cuts as supply and demand were showing clear indications of moving back into balance thanks to supply discipline from International and WestRock (WRK), said Connelly, who sees damage being done to investor confidence by the "increasing unpredictability" of containerboard pricing. He also thinks continued new capacity announcements will keep up a high need for economic downtime, added the analyst, who keeps a $60 price target on International Paper shares.
06/24/19
06/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Sonoco (SON) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Maguire citing valuation. 2. Occidental Petroleum (OXY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying he believes covering the 2020 dividend at current oil prices will require meaningful capital expenditure cuts, even though the Anadarko (APC) deal looks accretive to cash flow. 3. International Paper (IP) downgraded to Equal Weight from Overweight at Stephens with analyst Mark Connelly saying RISI decided to cut the price of containerboard $10 "just three days after investors breathed a sigh of relief on encouraging supply-demand fundamentals." 4. Shopify (SHOP) downgraded to Neutral from Buy at Roth Capital with analyst Darren Aftahi saying he remains positive on its underlying business prospects following the company's Unite conference and investor day but not on the stock's valuation, which has increased in the wake of the event. 5. Spotify (SPOT) downgraded to Underperform from In Line at Evercore ISI with analyst Kevin Rippey saying the recent rally in the stock "reflects an overly optimistic view" on the company's gross margin path and potential label negotiation outcomes. 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

CNC

Centene

$52.79

0.14 (0.27%)

12:05
07/22/19
07/22
12:05
07/22/19
12:05
Options
Centene call volume above normal and directionally bullish »

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  • 23

    Jul

RPM

RPM

$66.04

3.7 (5.94%)

12:05
07/22/19
07/22
12:05
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12:05
Conference/Events
RPM to hold finanical community luncheon »

Financial Community…

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EFX

Equifax

$138.24

0.95 (0.69%)

, MU

Micron

$47.32

1.81 (3.98%)

12:02
07/22/19
07/22
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12:02
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks were mixed at…

EFX

Equifax

$138.24

0.95 (0.69%)

MU

Micron

$47.32

1.81 (3.98%)

AAPL

Apple

$206.02

3.4 (1.68%)

MTN

Vail Resorts

$233.37

7.555 (3.35%)

SKIS

Peak Resorts

$10.85

5.71 (111.09%)

BYND

Beyond Meat

$192.48

15.83 (8.96%)

HAL

Halliburton

$23.26

1.52 (6.99%)

PAYS

Paysign

$14.94

-2.555 (-14.61%)

CADE

Cadence Bancorp

$16.06

-3.555 (-18.13%)

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    Nov

GILD

Gilead

$65.19

0.15 (0.23%)

12:02
07/22/19
07/22
12:02
07/22/19
12:02
Hot Stocks
Gilead presents new data on Biktarvy for tretment of HIV in women »

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TUFN

Tufin

$23.50

-2.68 (-10.24%)

12:00
07/22/19
07/22
12:00
07/22/19
12:00
Hot Stocks
Tufin falls -10.2% »

Tufin is down -10.2%, or…

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HZO

MarineMax

$14.64

-1.945 (-11.73%)

12:00
07/22/19
07/22
12:00
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12:00
Hot Stocks
MarineMax falls -11.4% »

MarineMax is down -11.4%,…

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  • 25

    Jul

CADE

Cadence Bancorp

$16.07

-3.54 (-18.05%)

12:00
07/22/19
07/22
12:00
07/22/19
12:00
Hot Stocks
Cadence Bancorp falls -18.1% »

Cadence Bancorp is down…

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  • 22

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HZN

Horizon Global

$4.50

0.55 (13.92%)

12:00
07/22/19
07/22
12:00
07/22/19
12:00
Hot Stocks
Horizon Global rises 14.5% »

Horizon Global is up…

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NM

Navios Maritime

$7.47

1.16 (18.38%)

12:00
07/22/19
07/22
12:00
07/22/19
12:00
Hot Stocks
Navios Maritime rises 19.4% »

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LCI

Lannett

$7.22

1.21 (20.13%)

12:00
07/22/19
07/22
12:00
07/22/19
12:00
Hot Stocks
Lannett rises 21.2% »

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12:00
07/22/19
07/22
12:00
07/22/19
12:00
General news
Treasury $72 B 3- and 6-month bill sale was mixed »

Treasury $72 B 3- and…

BAYRY

Bayer

$0.00

(0.00%)

11:56
07/22/19
07/22
11:56
07/22/19
11:56
Periodicals
Bayer's Iberogast under investigation for connection to death, MarketWatch says »

Bayer's digestive…

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  • 25

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SE

Sea Limited

$35.15

0.49 (1.41%)

11:55
07/22/19
07/22
11:55
07/22/19
11:55
Options
Sea Limited put volume heavy and directionally bearish »

Bearish flow noted in Sea…

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MU

Micron

$47.02

1.51 (3.32%)

, TSLA

Tesla

$256.90

-1.22 (-0.47%)

11:45
07/22/19
07/22
11:45
07/22/19
11:45
On The Fly
Micron upgrade, Tesla downgrade among today's top analyst calls »

Check out today's top…

MU

Micron

$47.02

1.51 (3.32%)

TSLA

Tesla

$256.90

-1.22 (-0.47%)

SFIX

Stitch Fix

$27.18

0.27 (1.00%)

NDAQ

Nasdaq

$101.74

0.02 (0.02%)

ICE

IntercontinentalExchange

$90.40

-0.34 (-0.37%)

AAPL

Apple

$206.04

3.42 (1.69%)

UBER

Uber

$43.60

0.42 (0.97%)

03/08/13
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APRN

Blue Apron

$8.93

0.58 (6.95%)

11:45
07/22/19
07/22
11:45
07/22/19
11:45
Options
Blue Apron call volume above normal and directionally bullish »

Bullish option flow…

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  • 06

    Aug

CARA

Cara Therapeutics

$25.78

-0.13 (-0.50%)

11:42
07/22/19
07/22
11:42
07/22/19
11:42
Recommendations
Cara Therapeutics analyst commentary at H.C. Wainwright »

Cara Therapeutics price…

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11:36
07/22/19
07/22
11:36
07/22/19
11:36
General news
6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

11:36
07/22/19
07/22
11:36
07/22/19
11:36
General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

MRNA

Moderna

$14.03

-0.07 (-0.50%)

11:34
07/22/19
07/22
11:34
07/22/19
11:34
Conference/Events
Moderna management to meet with Needham »

Meeting to be held in…

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  • 29

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  • 09

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DIOD

Diodes

$37.88

0.44 (1.18%)

11:28
07/22/19
07/22
11:28
07/22/19
11:28
Periodicals
Diodes mentioned cautiously by 'Cold Shower Analytics' 

Reference Link

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  • 05

    Aug

CRON

Cronos Group

$14.55

-0.41 (-2.74%)

11:25
07/22/19
07/22
11:25
07/22/19
11:25
Options
Cronos Group call volume above normal and directionally bullish »

Bullish option flow…

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  • 08

    Aug

MDWD

MediWound

$3.76

0.04 (1.08%)

11:25
07/22/19
07/22
11:25
07/22/19
11:25
Conference/Events
MediWound to host analyst day »

Analyst day to be held in…

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  • 22

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11:25
07/22/19
07/22
11:25
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11:25
Conference/Events
The Board of Governors of the Federal Reserve System to hold a meeting »

Closed Board Meeting to…

GIS

General Mills

$52.28

-0.5 (-0.95%)

, DNKN

Dunkin' Brands

$79.45

-0.63 (-0.79%)

11:19
07/22/19
07/22
11:19
07/22/19
11:19
Hot Stocks
Dunkin' Brands appoints Stephanie Lilak as Chief Human Resources Officer »

Dunkin' Brands…

GIS

General Mills

$52.28

-0.5 (-0.95%)

DNKN

Dunkin' Brands

$79.45

-0.63 (-0.79%)

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  • 01

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
07/22/19
07/22
11:17
07/22/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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