Fly News Breaks for May 6, 2015
IP, GPK, KS, RKT, PKG
May 6, 2015 | 06:48 EDT
Deutsche Bank says IRS proposal relating to timber as a natural resource suggests that the agency wants to limit the scope of master limited partnership qualifying income. Deutsche views the proposal as a short-term negative for containerboard and paper companies since investors have been "actively supporting" the MLP structure. It keeps Buy ratings on Packaging Corp. (PKG), RockTenn (RKT), KapStone (KS) and Graphic Packaging (GPK).
News For PKG;RKT;KS;GPK;IP 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.