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Fly News Breaks for June 22, 2015
Jun 22, 2015 | 07:30 EDT
Jefferies expects the Paper & Packaging group to open lower after PPW cut May linerboard and medium prices in the West Coast by $10 and $20 per ton, respectively. The firm calls the move "somewhat surprising" and expects sentiment to remain negative until inventory returns to a more normalized level. Jefferies thinks the earnings impact from the price cuts for International Paper (IP), RockTenn (RKT) and Packaging Corp. (PKG) will be modest, however.
News For IP;RKT;PKG;KS;MWV From the Last 2 Days
May 10, 2021 | 07:35 EDT
Notable call activity was cited Friday in Rocket Companies (RKT) and Energy Transfer (ET).
May 9, 2021 | 21:45 EDT
Keefe Bruyette analyst Bose George lowered the firm's price target on Rocket Companies to $16 from $18 and keeps an Underperform rating on the shares following the Q1 results. The analyst has increased caution on the outlook for the mortgage industry as volumes normalize, which he believes will likely putt pressure on gain-on-sale margins into 2022.