Greif lowers FY20 adjusted EPS view to $3.55-$3.91 from $3.63-$4.13 » 16:2802/2602/26/20
FY20 consensus $3.77.…
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Greif reports Q1 adjusted EPS 64c, consensus 55c » 16:2602/2602/26/20
Reports Q1 revenue…
Reports Q1 revenue $1.11B, consensus $1.16B.
BofA/Merrill to hold a conference » 08:3102/2602/26/20
APD, BIOX, BLL, CF, CWST, ESI, FBM, GPK, IP, LAC, MBII, NTR, RPM, WCN, WRK
2020 Global Agriculture…
2020 Global Agriculture & Materials Conference will be held in Ft. Lauderdale, FL on February 26-27.
|Over a week ago|
International Paper names Sophie Beckham as chief sustainability officer » 09:0202/1902/19/20
International Paper has…
International Paper has named its first-ever chief sustainability officer as it prepares to advance its contributions to the circular economy. Sophie Beckham will lead the company's recently announced Vision 2030, which demonstrates its commitment to building a better future for people, the planet and the company. Beckham joined International Paper in 2013 to manage the company's forest stewardship and sustainability efforts.
Sonoco downgraded to Hold from Buy at Argus » 07:2202/1802/18/20
Argus analyst David…
Argus analyst David Coleman downgraded Sonoco to Hold from Buy after its Q4 earnings miss and lowered FY20 guidance reflecting the impact of coronavirus and lower prices for corrugated medium, along with weaker demand for paper. The analyst believes that a neutral rating is more appropriate given the current company and industry challenges, though he remains positive on the stock over the long term and intends to monitor the industry conditions for signs of improving fundamentals.
Sonoco downgraded to Hold from Buy at Argus » 07:0702/1802/18/20
Argus downgraded Sonoco…
Argus downgraded Sonoco to Hold from Buy.
Fly Intel: Top five analyst initiations » 10:2002/1402/14/20
YUM, IMAB, IP, EBR, XYL
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yum! Brands (YUM) initiated with a Hold at Deutsche Bank. 2. I-MAB (IMAB) initiated with an Outperform at CICC. 3. International Paper (IP) reinstated with a Neutral at Credit Suisse. 4. Centrais Electricas (EBR) initiated with a Buy at Goldman Sachs. 5. Xylem (XYL) initiated with a Neutral at Rosenblatt. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
International Paper reinstated with a Neutral at Credit Suisse » 06:2602/1402/14/20
Credit Suisse analyst…
Credit Suisse analyst Lars Kjellberg reinstated coverage of International Paper with a Neutral rating and $48 price target. In a research note to investors, Kjellberg says the company's strengths are cash flow generation and its domestic containerboard operations and its weaknesses are limited options to deploy capital to grow its core domestic containerboard operations, weak cost position in pulp, and the structurally declining uncoated free sheet business. The analyst sees scope for increasing shareholder returns as a driver for the shares but less opportunity for IP to develop and grow its business due to its dominant position in U.S. containerboard and global fluff pulp. The analyst adds that he would like to see IP restructure its weak pulp business and figure out what to do with the uncoated freesheet business.
Paused project a positive for containerboard market, says BofA » 15:5502/1302/13/20
WRK, IP, PKG, SON, GEF
BofA analyst George…
BofA analyst George Staphos noted that ArkansasOnline reported that the Sun Paper Arkadelphia, AR greenfield containerboard project is now on hold, and called that a positive for the containerboard market as that project was expected to add approximately 1.6M tons of capacity annually, or ~4% of North American supply. Staphos maintained a Buy rating on WestRock (WRK), Neutral ratings on International Paper (IP), Packaging Corp. (PKG) and Sonoco (SON), and an Underperform rating on Greif (GEF).
Sonoco lowers 2020 base EPS view to $3.60-$3.70 from $3.65-$3.75 » 06:5202/1302/13/20
Consensus for 2020 EPS is…
Consensus for 2020 EPS is $3.64. This guidance adjustment reflects the current impact from the Coronavirus outbreak in China to the Company's operations and recent reductions in corrugated medium prices in the U.S. Full-year 2020 operating cash flow and free cash flow guidance remain unchanged and are expected to be in a range of $625M-$645M and $250M-$270M, respectively.