Fly News Breaks for May 5, 2015
MWV, CCK, RKT
May 5, 2015 | 07:12 EDT
Jefferies added RockTenn (RKT) to its Franchise Pick List in place of Crown Holdings (CCK) and raised its price target for shares to $84 from $80. The firm notes RockTenn shares are now back to levels near when the MeadWestvaco (MWV) deal was announced. Jefferies sees a number of ways for RockTenn to unlock value and says investors are getting a "free call option" on the acquisition at current shares levels. It keeps a Buy rating on the name.
News For RKT;CCK;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.