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Initiation
Graphic Packaging initiated with an Overweight at Morgan Stanley » 06:57
06/15/20
06/15
06:57
06/15/20
06:57
GPK

Graphic Packaging

$13.52 /

+0.12 (+0.90%)

Morgan Stanley analyst…

Morgan Stanley analyst Neel Kumar initiated coverage of Graphic Packaging with an Overweight rating and $17 price target. The analyst, who sees "tough times ahead in paper packaging," advises investors to stay selective given his forecast that containerboard and uncoated freesheet pricing will decline over the next six months, while boxboard could see "grade-specific improvement." Graphic Packaging should benefit from a relatively more favorable boxboard outlook and several potential catalysts, including successful near-term CRB price implementation and 1%-2% volume growth driven by plastic-to-paperboard conversions from customer sustainability initiatives, Kumar tells investors.

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GPK Graphic Packaging
$13.52 /

+0.12 (+0.90%)

GPK Graphic Packaging
$13.52 /

+0.12 (+0.90%)

04/07/20 Goldman Sachs
Goldman cuts paper and packaging estimates, prefers Ball and Graphic Packaging
03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
GPK Graphic Packaging
$13.52 /

+0.12 (+0.90%)

Over a month ago
Hot Stocks
Graphic Packaging reports operational update amid COVID-19 » 06:42
04/21/20
04/21
06:42
04/21/20
06:42
GPK

Graphic Packaging

$13.14 /

-0.03 (-0.23%)

Graphic Packaging…

Graphic Packaging completed and began integration of a converting facility acquired from Quad/Graphics and seven converting facilities acquired from Greif. The company said these strategic tuck-under acquisitions strengthen the core business and will increase the company's paperboard integration rate over time. The company announced the planned closure of the 70,000 ton White Pigeon, Michigan CRB mill and the 120,000 ton PM1 containerboard machine in West Monroe, Louisiana. Both closures will be effective June 30. The CRB mill closure at White Pigeon is enabled by the operating strength of the current CRB mill network and a new CRB supply agreement with Greif. The closure of the non-core PM1 containerboard machine reflects the company's long-term confidence in the strength of the CUK global beverage packaging platform and the ability to repurpose existing pulp to support growth in CUK. The company is also announcing its decision to delay the planned maintenance outage at the West Monroe, Louisiana mill from Q2 to Q3 due to increased near-term demand for CUK and contractor work-related implications associated with the COVID-19 crisis.

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GPK Graphic Packaging
$13.14 /

-0.03 (-0.23%)

04/07/20 Goldman Sachs
Goldman cuts paper and packaging estimates, prefers Ball and Graphic Packaging
03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
Earnings
Graphic Packaging reports Q1 adj. EPS 31c, consensus 25c » 06:39
04/21/20
04/21
06:39
04/21/20
06:39
GPK

Graphic Packaging

$13.14 /

-0.03 (-0.23%)

Reports Q1 revenue $1.6B,…

Reports Q1 revenue $1.6B, consensus $1.55B. "We had a very strong start to 2020 with positive net organic volume growth of 5% and solid productivity driving meaningful improvement to our key financial metrics. To date, we have successfully met the increased and changing needs of our customers, while effectively keeping our employees safe and healthy. I am exceptionally proud of the work our teams around the world are doing to meet the essential packaging needs of our customers and the consumer" said president and CEO Michael Doss. "Importantly, we are also taking decisive actions today to accelerate our strategic agenda to meet the paperboard packaging needs of the consumer, balance supply and demand to optimize cash flow, all while positioning our business to capture profitable growth consistent with the goals we established in our Vision 2025".

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GPK Graphic Packaging
$13.14 /

-0.03 (-0.23%)

04/07/20 Goldman Sachs
Goldman cuts paper and packaging estimates, prefers Ball and Graphic Packaging
03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
Earnings
Notable companies reporting before tomorrow's open » 20:25
04/20/20
04/20
20:25
04/20/20
20:25
KO

Coca-Cola

$46.55 /

-1.51 (-3.14%)

, PM

Philip Morris

$76.80 /

-1.23 (-1.58%)

, LMT

Lockheed Martin

$384.05 /

-17.42 (-4.34%)

, EMR

Emerson

$50.90 /

+0.39 (+0.77%)

, TRV

Travelers

$101.77 /

-3.34 (-3.18%)

, FITB

Fifth Third

$16.69 /

+0.06 (+0.36%)

, SYF

Synchrony

$15.54 /

-0.08 (-0.51%)

, CMA

Comerica

$29.67 /

-0.29 (-0.97%)

, GPK

Graphic Packaging

$13.14 /

-0.03 (-0.23%)

, FHN

First Horizon

$7.96 /

-0.05 (-0.62%)

Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 44c... Philip Morris (PM), consensus $1.13... Lockheed Martin (LMT), consensus $5.79... Emerson Electric (EMR), consensus 74c... Travelers (TRV), consensus $2.88... Fifth Third Bancorp (FITB), consensus 33c... Synchrony Financial (SYF), consensus (31c)... Comerica (CMA), consensus 95c... Graphic Packaging (GPK), consensus 25c... First Horizon National (FHN), consensus 36c.

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KO Coca-Cola
$46.55 /

-1.51 (-3.14%)

04/01/20 Goldman Sachs
Coca-Cola resumed with a Neutral at Goldman Sachs
03/27/20
Fly Intel: Top five analyst upgrades
03/27/20 Argus
Coca-Cola upgraded to Buy from Hold at Argus
03/27/20 Argus
Coca-Cola upgraded to Buy from Hold at Argus
PM Philip Morris
$76.80 /

-1.23 (-1.58%)

04/03/20 Panmure Gordon
Philip Morris upgraded to Buy from Hold at Panmure Gordon
04/01/20 Goldman Sachs
Philip Morris resumed with a Buy at Goldman Sachs
03/23/20 Piper Sandler
Philip Morris recent share selloff looks overdone, says Piper Sandler
02/13/20
Fly Intel: Top five analyst upgrades
LMT Lockheed Martin
$384.05 /

-17.42 (-4.34%)

03/26/20 Citi
FARA reporting incrementally positive for Textron, says Citi
03/25/20 DZ Bank
Lockheed Martin upgraded to Buy from Hold at DZ Bank
03/11/20 Goldman Sachs
Goldman cuts targets across Aerospace coverage for COVID-19 impact
01/29/20 Susquehanna
Lockheed Martin price target raised to $503 from $428 at Susquehanna
EMR Emerson
$50.90 /

+0.39 (+0.77%)

03/31/20 JPMorgan
Rockwell, GE least favored Multi-Industry names at JPMorgan
03/23/20 Vertical Research
Emerson downgraded to Hold from Buy at Vertical Research
03/23/20 Morgan Stanley
Morgan Stanley cuts Multi-Industry estimates, shakes up ratings with 7 changes
03/23/20 Morgan Stanley
Emerson downgraded to Equal Weight from Overweight at Morgan Stanley
TRV Travelers
$101.77 /

-3.34 (-3.18%)

04/13/20 Evercore ISI
Travelers upgraded to In Line from Underperform at Evercore ISI
04/08/20 RBC Capital
Travelers price target lowered to $115 from $140 at RBC Capital
04/02/20 Keefe Bruyette
Travelers upgraded to Market Perform from Underperform at Keefe Bruyette
04/01/20 Wells Fargo
Travelers price target lowered to $110 from $130 at Wells Fargo
FITB Fifth Third
$16.69 /

+0.06 (+0.36%)

04/06/20 Wells Fargo
Wells Fargo sees information 'void' until banks report earnings next week
03/23/20 DA Davidson
Fifth Third initiated with a Buy at DA Davidson
03/18/20 Wedbush
Fifth Third/Toll Brothers/Tempur Sealy removed from Best Ideas List at Wedbush
03/02/20 Baird
Baird upgrades Regions Financial, Fifth Third, First Horizon to Outperform
SYF Synchrony
$15.54 /

-0.08 (-0.51%)

04/14/20 Nomura Instinet
Synchrony price target lowered to $16 from $34 at Nomura Instinet
04/08/20 Wells Fargo
Synchrony price target lowered to $28 from $40 at Wells Fargo
01/27/20 Stephens
Stephens upgrades 'misunderstood' Synchrony after 10% selloff
01/27/20 BMO Capital
Synchrony price target lowered to $37 from $43 at BMO Capital
CMA Comerica
$29.67 /

-0.29 (-0.97%)

04/14/20 Compass Point
Comerica initiated with a Neutral at Compass Point
03/26/20 Odeon Capital
Comerica upgraded to Hold from Sell at Odeon Capital
03/19/20 SunTrust
Comerica price target lowered to $40 from $52 at SunTrust
GPK Graphic Packaging
$13.14 /

-0.03 (-0.23%)

04/07/20 Goldman Sachs
Goldman cuts paper and packaging estimates, prefers Ball and Graphic Packaging
03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
FHN First Horizon
$7.96 /

-0.05 (-0.62%)

04/01/20 Keefe Bruyette
First Horizon upgraded to Outperform from Market Perform at Keefe Bruyette
03/25/20 Stephens
First Horizon upgraded to Overweight from Equal Weight at Stephens
03/02/20 Baird
First Horizon upgraded to Outperform from Neutral at Baird
Earnings
Notable companies reporting before tomorrow's open » 14:47
04/20/20
04/20
14:47
04/20/20
14:47
KO

Coca-Cola

$47.50 /

-0.56 (-1.17%)

, PM

Philip Morris

$77.02 /

-1.01 (-1.29%)

, LMT

Lockheed Martin

$389.65 /

-11.82 (-2.94%)

, EMR

Emerson

$51.45 /

+0.94 (+1.86%)

, TRV

Travelers

$101.68 /

-3.43 (-3.26%)

, FITB

Fifth Third

$16.54 /

-0.09 (-0.54%)

, SYF

Synchrony

$15.38 /

-0.24 (-1.54%)

, CMA

Comerica

$29.86 /

-0.1 (-0.33%)

, GPK

Graphic Packaging

$13.15 /

-0.025 (-0.19%)

, FHN

First Horizon

$7.91 /

-0.1 (-1.25%)

Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 44c... Philip Morris (PM), consensus $1.13... Lockheed Martin (LMT), consensus $5.79... Emerson Electric (EMR), consensus 74c... Travelers (TRV), consensus $2.88... Fifth Third Bancorp (FITB), consensus 33c... Synchrony Financial (SYF), consensus (31c)... Comerica (CMA), consensus 95c... Graphic Packaging (GPK), consensus 25c... First Horizon National (FHN), consensus 36c.

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KO Coca-Cola
$47.50 /

-0.56 (-1.17%)

04/01/20 Goldman Sachs
Coca-Cola resumed with a Neutral at Goldman Sachs
03/27/20
Fly Intel: Top five analyst upgrades
03/27/20 Argus
Coca-Cola upgraded to Buy from Hold at Argus
03/27/20 Argus
Coca-Cola upgraded to Buy from Hold at Argus
PM Philip Morris
$77.02 /

-1.01 (-1.29%)

04/03/20 Panmure Gordon
Philip Morris upgraded to Buy from Hold at Panmure Gordon
04/01/20 Goldman Sachs
Philip Morris resumed with a Buy at Goldman Sachs
03/23/20 Piper Sandler
Philip Morris recent share selloff looks overdone, says Piper Sandler
02/13/20
Fly Intel: Top five analyst upgrades
LMT Lockheed Martin
$389.65 /

-11.82 (-2.94%)

03/26/20 Citi
FARA reporting incrementally positive for Textron, says Citi
03/25/20 DZ Bank
Lockheed Martin upgraded to Buy from Hold at DZ Bank
03/11/20 Goldman Sachs
Goldman cuts targets across Aerospace coverage for COVID-19 impact
01/29/20 Susquehanna
Lockheed Martin price target raised to $503 from $428 at Susquehanna
EMR Emerson
$51.45 /

+0.94 (+1.86%)

03/31/20 JPMorgan
Rockwell, GE least favored Multi-Industry names at JPMorgan
03/23/20 Vertical Research
Emerson downgraded to Hold from Buy at Vertical Research
03/23/20 Morgan Stanley
Morgan Stanley cuts Multi-Industry estimates, shakes up ratings with 7 changes
03/23/20 Morgan Stanley
Emerson downgraded to Equal Weight from Overweight at Morgan Stanley
TRV Travelers
$101.68 /

-3.43 (-3.26%)

04/13/20 Evercore ISI
Travelers upgraded to In Line from Underperform at Evercore ISI
04/08/20 RBC Capital
Travelers price target lowered to $115 from $140 at RBC Capital
04/02/20 Keefe Bruyette
Travelers upgraded to Market Perform from Underperform at Keefe Bruyette
04/01/20 Wells Fargo
Travelers price target lowered to $110 from $130 at Wells Fargo
FITB Fifth Third
$16.54 /

-0.09 (-0.54%)

04/06/20 Wells Fargo
Wells Fargo sees information 'void' until banks report earnings next week
03/23/20 DA Davidson
Fifth Third initiated with a Buy at DA Davidson
03/18/20 Wedbush
Fifth Third/Toll Brothers/Tempur Sealy removed from Best Ideas List at Wedbush
03/02/20 Baird
Baird upgrades Regions Financial, Fifth Third, First Horizon to Outperform
SYF Synchrony
$15.38 /

-0.24 (-1.54%)

04/14/20 Nomura Instinet
Synchrony price target lowered to $16 from $34 at Nomura Instinet
04/08/20 Wells Fargo
Synchrony price target lowered to $28 from $40 at Wells Fargo
01/27/20 Stephens
Stephens upgrades 'misunderstood' Synchrony after 10% selloff
01/27/20 BMO Capital
Synchrony price target lowered to $37 from $43 at BMO Capital
CMA Comerica
$29.86 /

-0.1 (-0.33%)

04/14/20 Compass Point
Comerica initiated with a Neutral at Compass Point
03/26/20 Odeon Capital
Comerica upgraded to Hold from Sell at Odeon Capital
03/19/20 SunTrust
Comerica price target lowered to $40 from $52 at SunTrust
GPK Graphic Packaging
$13.15 /

-0.025 (-0.19%)

04/07/20 Goldman Sachs
Goldman cuts paper and packaging estimates, prefers Ball and Graphic Packaging
03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
FHN First Horizon
$7.91 /

-0.1 (-1.25%)

04/01/20 Keefe Bruyette
First Horizon upgraded to Outperform from Market Perform at Keefe Bruyette
03/25/20 Stephens
First Horizon upgraded to Overweight from Equal Weight at Stephens
03/02/20 Baird
First Horizon upgraded to Outperform from Neutral at Baird
Over a quarter ago
Recommendations
Goldman cuts paper and packaging estimates, prefers Ball and Graphic Packaging » 07:15
04/07/20
04/07
07:15
04/07/20
07:15
BLL

Ball Corp.

$65.60 /

+3.5 (+5.64%)

, CCK

Crown Holdings

$57.17 /

+4.535 (+8.62%)

, GPK

Graphic Packaging

$12.10 /

+0.695 (+6.10%)

, BERY

Berry Global

$35.02 /

+2.77 (+8.59%)

, AMCR

Amcor

$8.22 /

+0.375 (+4.78%)

, SLGN

Silgan Holdings

$29.59 /

-0.02 (-0.07%)

, IP

International Paper

$31.54 /

+2.15 (+7.32%)

, WRK

WestRock

$28.95 /

+3.29 (+12.82%)

, PKG

Packaging Corp.

$85.51 /

+5.08 (+6.32%)

, UFS

Domtar

$21.86 /

+1.15 (+5.55%)

, BCC

Boise Cascade

$24.82 /

+3.5 (+16.42%)

, WY

Weyerhaeuser

$17.08 /

+1.75 (+11.42%)

Goldman Sachs analyst…

Goldman Sachs analyst Brian Maguire cut his 2020 EBITDA estimate by 3% across his Packaging coverage and by 20% for the Paper & Forest Products to reflect the firm's lower GDP forecasts as a result of the COVID-19 outbreak. He sees earnings being least impacted at Packaged Food & Beverage companies like Ball Corp. (BLL), Crown Holdings (CCK), Graphic Packaging (GPK), Berry Global (BERY), Amcor (AMCR) and Silgan Holdings (SLGN) and most impacted at Paper and Wood Products companies such as International Paper (IP), WestRock (WRK), Packaging Corp. (PKG), Domtar (UFS), Boise Cascade (BCC) and Weyerhaeuser (WY), Maguire tells investors. Ahead of Q1 earnings reports, his top picks are Ball and Graphic Packaging, Maguire noted.

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BLL Ball Corp.
$65.60 /

+3.5 (+5.64%)

03/23/20 Goldman Sachs
Ball Corp, Crown Holdings upgraded to Buy at Goldman Sachs
03/23/20 Goldman Sachs
Ball Corp. upgraded to Buy from Neutral at Goldman Sachs
02/28/20 Citi
Citi sees can supply/demand to stay balanced as Crown plans new plant
01/16/20 Barclays
Ball Corp. initiated with an Equal Weight at Barclays
CCK Crown Holdings
$57.17 /

+4.535 (+8.62%)

03/23/20 Goldman Sachs
Crown Holdings upgraded to Buy from Neutral at Goldman Sachs
02/06/20 Baird
Crown Holdings price target raised to $100 from $75 at Baird
GPK Graphic Packaging
$12.10 /

+0.695 (+6.10%)

03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
06/17/19 Baird
Graphic Packaging shares ready to break higher, says Baird
BERY Berry Global
$35.02 /

+2.77 (+8.59%)

02/13/20 Credit Suisse
Berry Global reinstated with an Outperform at Credit Suisse
01/16/20 Barclays
Berry Global initiated with an Equal Weight at Barclays
12/30/19 Goldman Sachs
Goldman Sachs positive on Domtar, Owens-Illinois, Berry Global in packaging
11/25/19 Citi
Citi moves Berry Global to top pick in Paper & Packaging
AMCR Amcor
$8.22 /

+0.375 (+4.78%)

04/02/20 Deutsche Bank
Amcor price target raised to $9.25 from $7.50 at Deutsche Bank
03/23/20 Jefferies
Amcor upgraded to Buy from Hold at Jefferies
03/19/20
Fly Intel: Top five analyst initiations
03/19/20 Deutsche Bank
Amcor initiated with a Buy at Deutsche Bank
SLGN Silgan Holdings
$29.59 /

-0.02 (-0.07%)

03/20/20 RBC Capital
Silgan Holdings upgraded to Outperform from Sector Perform at RBC Capital
03/20/20 RBC Capital
Silgan Holdings upgraded to Outperform from Sector Perform at RBC Capital
03/16/20 BofA
Silgan Holdings upgraded to Buy from Underperform at BofA
01/28/20 BMO Capital
Silgan Holdings price target raised to $41 from $35 at BMO Capital
IP International Paper
$31.54 /

+2.15 (+7.32%)

02/14/20
Fly Intel: Top five analyst initiations
02/14/20 Credit Suisse
International Paper reinstated with a Neutral at Credit Suisse
02/13/20 BofA
Paused project a positive for containerboard market, says BofA
WRK WestRock
$28.95 /

+3.29 (+12.82%)

01/06/20 Citi
Citi upgrades WestRock to Buy, says containerboard headwinds priced in
01/06/20 Citi
WestRock upgraded to Buy from Neutral at Citi
PKG Packaging Corp.
$85.51 /

+5.08 (+6.32%)

03/19/20 Argus
Packaging Corp. upgraded to Buy from Hold at Argus
03/19/20 Argus
Packaging Corp. upgraded to Buy from Hold at Argus
UFS Domtar
$21.86 /

+1.15 (+5.55%)

03/17/20 RBC Capital
Domtar upgraded to Outperform from Sector Perform at RBC Capital
03/17/20 RBC Capital
Domtar upgraded to Outperform from Sector Perform at RBC Capital
03/16/20
Fly Intel: Top five analyst downgrades
03/16/20 BofA
BofA double downgrades Domtar to Underperform with $22 target
BCC Boise Cascade
$24.82 /

+3.5 (+16.42%)

03/16/20 BofA
Boise Cascade upgraded to Neutral with $35 price target at BofA
03/16/20 BofA
Boise Cascade upgraded to Neutral from Underperform at BofA
02/26/20 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
02/26/20 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
WY Weyerhaeuser
$17.08 /

+1.75 (+11.42%)

01/07/20 Raymond James
Timber REIT sector upgraded to Overweight from Market Weight at Raymond James
11/18/19 Argus
Weyerhaeuser price target raised to $32 from $27 at Argus
09/17/19 RBC Capital
Weyerhaeuser timberlands sales price 'well above' base case, says RBC Capital
Hot Stocks
Graphic Packaging completes acquisition of Greif's Consumer Packaging Business » 10:07
04/01/20
04/01
10:07
04/01/20
10:07
GPK

Graphic Packaging

$11.71 /

-0.47 (-3.86%)

, GEF

Greif

$29.18 /

-1.87 (-6.02%)

Graphic Packaging (GPK),…

Graphic Packaging (GPK), through its primary U.S. operating company, Graphic Packaging International, announced the close of its previously announced acquisition of the Consumer Packaging Group Business from Greif (GEF).

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GPK Graphic Packaging
$11.71 /

-0.47 (-3.86%)

03/04/20 Goldman Sachs
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs
02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
06/17/19 Baird
Graphic Packaging shares ready to break higher, says Baird
GEF Greif
$29.18 /

-1.87 (-6.02%)

03/02/20 BMO Capital
Greif price target lowered to $32 from $36 at BMO Capital
02/13/20 BofA
Paused project a positive for containerboard market, says BofA
01/14/20
Fly Intel: Top five analyst upgrades
01/14/20 Wells Fargo
Greif upgraded to Overweight from Equal Weight at Wells Fargo
Recommendations
Graphic Packaging selloff brings attractive entry point, says Goldman Sachs » 07:16
03/04/20
03/04
07:16
03/04/20
07:16
GPK

Graphic Packaging

$13.96 /

+0.12 (+0.87%)

Following PPW's…

Following PPW's surprise $30 per ton boxboard price cut on February 20, Graphic Packaging shares fell 15.9% last week, Goldman Sachs analyst Brian Maguire tells investors in a research note. As a result, the shares now trade at a 10.0% free cash flow yield, the analyst points out. He believes this is "too high given secular growth tailwinds from sustainability" that are driving 1%-2% volume growth, so long as no further price cuts are ahead. Graphic Packaging shares have outperformed Packaging peers by an average of 44% in the 12 months following the first price cut in the past five years, says Maguire. As a result, the analyst believes pricing and earnings have been "de-risked" following the recent cuts, and he views the company's current share price as an attractive entry point. Maguire keeps a Buy rating on Graphic Packaging with a $17 price target.

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GPK Graphic Packaging
$13.96 /

+0.12 (+0.87%)

02/28/20 Stephens
Paper companies should take 'closer look' at their dividends, says Stephens
02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
06/17/19 Baird
Graphic Packaging shares ready to break higher, says Baird
Recommendations
Paper companies should take 'closer look' at their dividends, says Stephens » 08:23
02/28/20
02/28
08:23
02/28/20
08:23
WRK

WestRock

$32.69 /

-2.16 (-6.20%)

, IP

International Paper

$37.10 /

-1.73 (-4.46%)

, GPK

Graphic Packaging

$13.54 /

-0.09 (-0.66%)

, PKG

Packaging Corp.

$92.03 /

-2.195 (-2.33%)

, UFS

Domtar

$28.32 /

-1.675 (-5.59%)

Stephens analyst Mark…

Stephens analyst Mark Connelly noted that some paper companies were raising their "already-high" dividends as containerboard prices headed toward peak levels and that some of these producers are already struggling to meet cash commitments following modest price cuts. As a group, he contends that paper companies "should take a closer look" at their dividend policies, although he acknowledges they are not "in trouble" financially. On specific companies, Connelly noted that Packaging Corp. (PKG) "didn't get caught up in the dividend hike fad," adding that although WestRock (WRK) may be more levered, International Paper (IP) has had to stop buying back stock "only a few quarters after promising to be a more consistent buyer." Given recent price cuts in both recycled and bleached board grades, Connelly has cut his estimates for Graphic Packaging and WestRock, he noted.

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WRK WestRock
$32.69 /

-2.16 (-6.20%)

02/13/20 BofA
Paused project a positive for containerboard market, says BofA
01/06/20 Citi
Citi upgrades WestRock to Buy, says containerboard headwinds priced in
01/06/20 Citi
WestRock upgraded to Buy from Neutral at Citi
01/02/20 Wells Fargo
WestRock upgraded to Overweight from Equal Weight at Wells Fargo
IP International Paper
$37.10 /

-1.73 (-4.46%)

02/14/20
Fly Intel: Top five analyst initiations
02/14/20 Credit Suisse
International Paper reinstated with a Neutral at Credit Suisse
12/26/19 Stephens
Near-term containerboard price cut emerging as buy-side consensus, says Stephens
GPK Graphic Packaging
$13.54 /

-0.09 (-0.66%)

02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
06/17/19 Baird
Graphic Packaging shares ready to break higher, says Baird
PKG Packaging Corp.
$92.03 /

-2.195 (-2.33%)

01/31/20 Argus
Packaging Corp. downgraded to Hold from Buy at Argus
01/31/20 Argus
Packaging Corp. downgraded to Hold from Buy at Argus
12/10/19 Goldman Sachs
Packaging Corp. downgraded to Sell from Neutral at Goldman Sachs
UFS Domtar
$28.32 /

-1.675 (-5.59%)

02/10/20 DA Davidson
Domtar price target lowered to $46 from $51 at DA Davidson
02/07/20 BMO Capital
Domtar upgraded to Market Perform from Underperform at BMO Capital
12/30/19 Goldman Sachs
Goldman Sachs positive on Domtar, Owens-Illinois, Berry Global in packaging
10/04/19 Vertical Research
Domtar upgraded to Buy from Hold at Vertical Research
Hot Stocks
Graphic Packaging to acquire consumer packaging business from Greif for $85M » 06:49
02/27/20
02/27
06:49
02/27/20
06:49
GPK

Graphic Packaging

$13.63 /

+0.01 (+0.07%)

Graphic Packaging…

Graphic Packaging announced it has entered into a definitive agreement to acquire the Consumer Packaging Group business from Greif for approximately $85M. The transaction is expected to close in Q1, subject to standard closing conditions. Graphic Packaging will acquire seven converting facilities across the U.S. that produce over $200M in annual revenue. The business is expected to generate approximately $20M in annualized EBITDA, including synergies, over the 24-month period after the successful completion of the acquisition.

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GPK Graphic Packaging
$13.63 /

+0.01 (+0.07%)

02/24/20 Baird
Graphic Packaging downgraded to Neutral from Outperform at Baird
06/17/19 Baird
Graphic Packaging shares ready to break higher, says Baird

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