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Citi Waits For The Right Entry Point In Rayonier, A 'Pure Play' Timber REIT
Thursday, March 1, 2018 - 12:41pm | 341Read More...Rayonier Inc. (NYSE: RYN) is a timberland REIT with assets in the U.S. and New Zealand. The company recently announced the addition of a Marcato Capital Management executive to its board. The Analyst Citigroup analyst Anthony Pettinari initiated coverage of the shares of Rayonier with a Neutral...
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Citi Analyst OKs Ball Corp Acquisition, But Remains Skeptical Of Synergy Gains
Friday, July 29, 2016 - 3:36pm | 345Read More...Citi resumes coverage of Ball Corporation (NYSE: BLL) with a Neutral rating and $77 target price following the $8.5 billion acquisition of Rexam Plc (ADRs previously traded under REXMY on the OTC) and $3.4 billion divestiture of assets. "While we think the merger was strategically sound and will...
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Sealed Air Corp Gets An Upgrade From Citi
Friday, July 15, 2016 - 9:48am | 427Read More...Citi has upgraded Sealed Air Corp (NYSE: SEE) to Buy from Neutral on the recent pullback in shares as investors disappointed over the lack of full-year guidance raise, coupled with concerns on emerging markets and Brexit. For the first quarter, Brazil volumes fell 8.5 percent and the company gets...
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Wall Street Welcomes Packaging Corp Of America's TimBar Buy
Thursday, July 7, 2016 - 4:13pm | 616Read More...Wall Street has given a thumbs up to Packaging Corp Of America (NYSE: PKG)'s deal to buy privately-held corrugated producer TimBar for $386 million in cash. Packaging Corp will acquire three sheet plants, two box plants, two fulfillment centers and four design centers. The company is pointing to...
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With Lumber Prices At A 15-Month High, Here's One Stock That Can Benefit From An Improved U.S. Housing Recovery
Tuesday, May 31, 2016 - 11:31am | 287Read More...Lumber prices have reached their highest level in more than a year, and Citi analyst Anthony Pettinari believes high lumber prices are here to stay. According to Pettinari, dealers underestimated the strength of the housing market in Q1. “YTD starts have come in stronger than expected (1153k...
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Citi Boosts Owens Illinois To Buy: Earnings Inflection Point Coming
Wednesday, April 6, 2016 - 10:35am | 221Read More...Shares of Owens-Illinois Inc (NYSE: OI) have collapsed 35 percent over the past 12 months, with the company issuing three consecutive guidance cuts. Citi’s Anthony Pettinari upgraded the rating for the company from Neutral to Buy, while raising the price target from $15 to $19. Owens-...
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Citi On Bemis: 'A Lot To Like, But A Lot Is Priced In'
Wednesday, April 6, 2016 - 8:49am | 194Read More...Shares of Bemis Company, Inc. (NYSE: BMS) have outperformed year-to-date. Citi’s Anthony Pettinari downgraded the rating for the company from Buy to Neutral, with a price target of $52. Bemis’ shares have gained 14.2 percent YTD, and is trading at a premium to peers. “BMS...
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UPDATE: Citigroup Downgrades Ball Corp
Friday, August 8, 2014 - 2:09pm | 86Read More...In a note released Friday, Citigroup analyst Anthony Pettinari downgraded shares of Ball Corp (NYSE: BLL) from Buy to Neutral and maintained a price target of $66. Pettinari's downgrade comes amid the belief that current levels adequately reflect the stock's value. "While we...
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UPDATE: Citigroup Lowers PT on Crown Holdings on Lowered 3Q13 Guidance
Wednesday, September 25, 2013 - 11:35am | 140Read More...In a report published Wednesday, Citigroup analyst Anthony Pettinari reiterated a Buy rating on Crown Holdings (NYSE: CCK), but lowered the price target from $52.00 to $50.00. In the report, Citigroup noted, “Today after market close CCK lowered its 3Q '13 guidance to $1.05-$1.10 from $1.15-$1.25...
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UPDATE: Citigroup Raises PT on Packaging Corp. of America Following 2Q Beat
Friday, July 19, 2013 - 9:52am | 141Read More...In a report published Friday, Citigroup analyst Anthony Pettinari reiterated a Buy rating on Packaging Corp. of America (NYSE: PKG), and raised the price target from $58.00 to $62.00. In the report, Citigroup noted, “The convincing 2Q beat ($0.71 vs. $0.63 cons) showed PKG executing well on...
