UPDATE: Bank Of America Reiterates On MeadWestvaco On Continued Positives

In a report published Friday, Bank of America analyst George L. Staphos reiterated a Buy rating on MeadWestvaco (NYSE: MWV), and raised the price target from $44.00 to $48.00.

In the report, Bank of America noted, “We continue to rate MeadWestvaco a Buy with a thesis that MWV is increasingly committed and motivated to improving performance, given understandable investor scrutiny regarding its fundamental trends the last few years. We recently had the chance to check in with our trade sources in and around the industry and at MeadWestvaco, including through some BofA Merrill-hosted investor sessions and came away reaffirmed in our thesis.”

MeadWestvaco closed on Thursday at $43.42.