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BofA Upgrades O-I Glass On An Improvement In Outlook
Friday, May 27, 2022 - 10:59am | 224O-I Glass Inc’s (NYSE: OI) positioning in Europe has strengthened and there is potential for demand for glass-packaged products to be less price elastic, according to BofA Securities. The O-I Glass Analyst: George Staphos upgraded the rating for O-I Glass from Neutral to Buy, while raising...
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Sylvamo Stock Is Affordable In Positive Paper Pricing Environment, BofA Says
Thursday, October 7, 2021 - 3:32pm | 213Sylvamo Corporation’s (NYSE: SLVM) stock is trading at an attractive valuation at a time when uncoated free sheet (UCFS) prices are rising, according to BofA Securities. The Sylvamo Analyst: George Staphos initiated coverage of Sylvamo with a Buy rating and $38 price target. The...
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BofA Downgrades Amcor On Modest Relative Growth Prospects
Tuesday, November 24, 2020 - 2:30pm | 211Although Amcor PLC (NYSE: AMCR) is a quality company and has performed well against expectations, its stock is likely to lag peers over the next few quarters, according to BofA Securities. The Amcor Analyst: George Staphos downgraded Amcor from Neutral to Underperform, while maintaining the...
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BofA Steps To Sidelines On Sonoco, Looks For Results In 2022
Friday, October 23, 2020 - 11:28am | 315Global packaging solutions company Sonoco Products Co (NYSE: SON) stands to benefit from near-term catalysts in 2021, but it's hard to justify buying the stock at today's levels, according to BofA Securities. The Sonoco Products Analyst: George Staphos downgraded Sonoco from Buy...
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Weyerhaeuser Loses A Long-Time Supporter; Bank Of America Downgrades
Wednesday, July 5, 2017 - 2:33pm | 407Shares of Weyerhaeuser Co (NYSE: WY) — a timber, land and forest products company — were trading lower by nearly 2 percent Wednesday after a long-time bullish analyst turned incrementally negative on the stock. Bank of America's George Staphos downgrades Weyerhaeuser's stock rating from...
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The Paper Chase: Analyst Sees These 2 Paper Stocks With The Most Upside
Friday, February 17, 2017 - 1:34pm | 483The paper industry is far from the most exciting sector to invest in but that doesn't mean that investors can't find opportunities. George Staphos of Bank of America commented in a research report on Friday that he continues to hold a positive view on the containerboard and boxboard companies after...
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Bank Of America Hits 'Reset' Button On The Packaging Industry
Tuesday, September 15, 2015 - 11:31am | 739Analysts at Bank of America commented in a note on Tuesday it has been a "particularly challenging" period for packaging stocks. Packaging (particularly specialty) and wood products are preferred investment choices over containerboard stocks. Shares of AptarGroup, Inc. (NYSE:...
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UPDATE: Bank Of America Upgrades Domtar
Tuesday, August 19, 2014 - 11:07am | 115In a report released Tuesday, Bank of America analyst George Staphos upgraded Domtar (NYSE: UFS) from Underperform to Buy. The note states its thesis does not have long-term outlook on paper and pulp markets. Analysts at Bank of America believe Domtar displays a positive risk/reward skew,...