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Fly News Breaks for February 13, 2020
GEF, SON, PKG, IP, WRK
Feb 13, 2020 | 15:55 EDT
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).