-
Building Product Reset: Caesarstone Upgraded, Plum Creek Timber Downgraded At BofA
Friday, October 16, 2015 - 10:24am | 469Caesarstone Sdot-Yam Ltd (NASDAQ: CSTE) shares are down 45 percent year-to-date, while shares of Plum Creek Timber Co. Inc. (NYSE: PCL) are down 5 percent over the same period. BofA Merrill Lynch’s George L. Staphos upgraded the rating on Caesarstone from Neutral to Buy, while...
-
UPDATE: Bank Of America Upgrades International Paper Co On MLP Likelihood
Tuesday, October 7, 2014 - 9:42am | 186In a report published Tuesday, Bank of America analyst George L. Staphos upgraded the rating on International Paper Co (NYSE: IP) from Neutral to Buy, and raised the price target from $53.00 to $55.00. In the report, Bank of America noted, “We note that MLP conversion is not guaranteed, and our...
-
UPDATE: Bank Of America Upgrades Rock-Tenn Company On MLP Likelihood
Tuesday, October 7, 2014 - 9:41am | 184In a report published Tuesday, Bank of America analyst George L. Staphos upgraded the rating on Rock-Tenn Company (NYSE: RKT) from Neutral to Buy, and raised the price target from $54.00 to $56.00. In the report, Bank of America noted, “We note that MLP conversion is not guaranteed, and our...
-
UPDATE: Bank Of America Downgrades Owens-Illinois On Multiple Factors
Friday, October 3, 2014 - 7:34am | 162In a report published Friday, Bank of America analyst George L. Staphos downgraded the rating on Owens-Illinois (NYSE: OI) from Buy to Neutral, and lowered the price target from $34.00 to $29.00. In the report, Bank of America noted, “We make some rating adjustments in this report. From a prior Buy...
-
UPDATE: Bank Of America Upgrades Bemis Company On Multiple Factors
Friday, October 3, 2014 - 7:33am | 162In a report published Friday, Bank of America analyst George L. Staphos upgraded the rating on Bemis Company (NYSE: BMS) from Underperform to Neutral, and reiterated the $40.00 price target. In the report, Bank of America noted, “We make some rating adjustments in this report. From a prior Buy, we...
-
UPDATE: Bank Of America Downgrades Owens-Illinois Inc
Thursday, October 2, 2014 - 3:20pm | 175Owens-Illinois Inc (NYSE: OI) was downgraded from Buy to Neutral by Bank of America on Thursday. The team of analysts led by George L. Staphos issued a report that explained they had expected a turnaround for the stock in June, but it has fallen nearly 25 percent since July. The report...
-
UPDATE: Bank Of America Reiterates On Sealed Air Following Very Impressive Quarter
Thursday, July 31, 2014 - 10:11am | 195In a report published Thursday, Bank of America analyst George L. Staphos reiterated a Buy rating on Sealed Air (NYSE: SEE), and raised the price target from $38.00 to $40.00. In the report, Bank of America noted, “We maintain our Buy rating on SEE shares. Going into 2Q reporting, we viewed SEE as...
-
UPDATE: Bank Of America Reiterates On MeadWestvaco On Continued Positives
Friday, June 20, 2014 - 8:29am | 115In 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...
-
UPDATE: Bank of America Reiterates on Owens Corning Due to Caution on Roofing Trends
Thursday, April 24, 2014 - 9:19am | 111In a report published Thursday, Bank of America analyst George L. Staphos reiterated a Neutral rating on Owens Corning (NYSE: OC), but lowered the price target from $46.00 to $44.00. In the report, Bank of America noted, “We rate OC a Neutral. OC should have exposure to a recovering housing market...
-
UPDATE: Bank of America Downgrades Owens Corning on Reduced Estimates, Lack of Upside
Monday, October 28, 2013 - 9:13am | 122In a report published Monday, Bank of America analyst George L. Staphos downgraded the rating on Owens Corning (NYSE: OC) from Buy to Neutral, and lowered the price target from $43.00 to $40.00. In the report, Bank of America noted, “We move to Neutral on OC. Our new PO is $40, which does not...
-
UPDATE: Bank of America Raises PT on Packaging Corporation Following Merger Agreement with Boise
Tuesday, September 17, 2013 - 12:11pm | 116In a report published Tuesday, Bank of America analyst George L. Staphos reiterated a Buy rating on Packaging Corporation of America (NYSE: PKG), and raised the price target from $61.00 to $66.00. In the report, Bank of America noted, “Packaging Corp. announced that it has entered into a...
-
UPDATE: Bank of America Upgrades Sonoco Following 2Q Results
Monday, July 22, 2013 - 8:58am | 140In a report published Monday, Bank of America analyst George L. Staphos upgraded Sonoco (NYSE: SON) from Neutral to Buy, and raised the price target from $38.00 to $42.00. In the report, Bank of America noted, “Simply put, we think investors and the street are not paying sufficient attention to...