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Paper Cuts: BMO Downgrades WestRock, Packaging Corp, International Paper
Tuesday, October 9, 2018 - 9:37am | 678Read More...China-based Nine Dragons Paper Holdings, a manufacturer of containerboard products including lineboard, announced hundreds of millions of dollars in new investments this week that include conversion projects at coated paper mills in Biron, Wisconsin and Rumford, Maine. The announcement...
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Analyst: Investors Should 'Applaud' International Paper For Ending Proposed M&A Deal
Thursday, June 7, 2018 - 1:15pm | 354Read More...International Paper Co (NYSE: IP), a producer of renewable fiber-based packaging, confirmed Tuesday it will no longer pursue an acquisition Smurfit Kappa Group and investors should "applaud" the decision, according to BMO. The Analyst BMO Capital Markets' Mark Wilde upgraded...
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BMO Turns Bullish On Greif, Says Most Business Units Appear 'Solid'
Monday, April 2, 2018 - 3:00pm | 353Read More...Greif, Inc. (NYSE: GEF) has seen its stock sharply pull back over the past few months, which could be an attractive entry point for investors. The Analyst BMO Capital Markets' Mark Wilde upgraded Greif's stock from Market Perform to Outperform with a price target lifted from $57 to...
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Inventory Buildups, Subpar Demand To Blame For Rayonier's Downgrade At BMO
Monday, August 14, 2017 - 2:36pm | 319Read More...Analysts at BMO Capital Markets no longer hold a bullish rating on Rayonier Inc. (NYSE: RYN), a leading timberland real estate investment trust. Mark Wilde downgraded Rayonier's stock from Outperform to Market Perform with an unchanged $31 price target. Rayonier has been operating over the...
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After A Decade Of Dismal Demand, Analyst Downgrades Weyerhaeuser
Monday, August 14, 2017 - 10:46am | 335Read More...Shares of timber giant Weyerhauser Co (NYSE: WY) drifted lower by 4 percent over the past six months, but bulls may have even longer to wait for the stock to regain its positive momentum. On Sunday, BMO Capital Markets analyst Mark Wilde downgraded Weyerhauser from Outperform to Market Perform...
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All About The Paper: Packaging And Paper Stocks Get An Upgrade
Wednesday, January 25, 2017 - 4:32pm | 572Read More...Paper stocks are rallying after BMO Capital Markets upgraded International Paper Co (NYSE: IP) and Packaging Corp Of America (NYSE: PKG) to Outperform from Market Perform on stronger-than-expected market conditions in containerboard and pulp prices. The brokerage also boosted the price target on...
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Greif Downgraded Following 75% Run In 2016
Thursday, December 22, 2016 - 11:11am | 291Read More...While there are “encouraging signs of improved execution under the new leadership of Pete Watson,” the recent run-up in the shares of Greif, Inc. (NYSE: GEF) leaves the valuation looking “rich,” BMO Capital Markets’ Mark Wilde said in a report. He downgraded the rating...
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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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The Strong Dollar Could Keep Greif Inc From Hitting Its Targets
Tuesday, June 28, 2016 - 8:28am | 262Read More...Greif, Inc. (NYSE: GEF) faces a downside risk to targets if the U.S. dollar continues to strengthen. The dollar gained 0.59 percent against the euro to 1.1087. However, the pound gained for the first time since the U.K.'s vote to leave the European Union and rose 0.92 percent against the dollar to...
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Why Did This Analyst Just Upgrade Boise Cascade After An 'Ugly' Quarter?
Friday, February 19, 2016 - 10:32am | 240Read More...BMO Capital Markets’ Mark Wilde upgraded the rating for Boise Cascade Co (NYSE: BCC) from Market Perform to Outperform, while reducing the price target from $35 to $23. He mentioned that there is value at the current levels. On February 17, 2015, Boise Cascade’s shares had peaked at...
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UPDATE: Deutsche Bank Reiterates on Packaging Corp. of America Following FY13Q3 Containerboard Review
Friday, December 6, 2013 - 11:11am | 140Read More...In a report published Friday, Deutsche Bank analyst Mark Wilde reiterated a Hold rating on Packaging Corp. of America (NYSE: PKG), and raised the price target from $52.00 to $60.00. In the report, Deutsche Bank noted, “We offer a detailed look at financial performance in the containerboard sector...
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UPDATE: Deustche Bank Upgrades Raynoier On Discounted Downside In Specialty Cellulose
Thursday, November 21, 2013 - 9:30am | 157Read More...In a report published Wednesday, Deutsche Bank analyst Mark Wilde upgraded Rayonier (NYSE: RYN) from a Sell rating to a Hold rating while maintaining a price target of $47.00. In the report, Deutsche Bank says "With RYN's market capitalization down nearly $1.8B since the Q3 conference call, we...
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UPDATE: Deutsche Bank Downgrades Wausau Paper Corp. on Negative Outlook
Tuesday, October 29, 2013 - 10:03am | 157Read More...In a report published Tuesday, Deutsche Bank analyst Mark Wilde downgraded the rating on Wausau Paper Corp. (NYSE: WPP) from Buy to Hold, but reiterated the $14.00 price target. In the report, Deutsche Bank noted, “Wausau's adj. Q3 met our est of $(0.02). However, the real ‘news' is that FY13Q4...
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UPDATE: Deutsche Bank Downgrades Rayonier on Significant Downside Risks Ahead
Friday, October 25, 2013 - 11:22am | 145Read More...In a report published Friday, Deutsche Bank analyst Mark Wilde downgraded the rating on Rayonier (NYSE: RYN) from Hold to Sell, and lowered the price target from $55.00 to $47.00. In the report, Deutsche Bank noted, “While recent commentary around RYN's timberland and real estate operations has...
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UPDATE: Deutsche Bank Downgrades International Paper Ahead of Near-Term Challenges
Friday, September 27, 2013 - 10:35am | 145Read More...In a report published Friday, Deutsche Bank analyst Mark Wilde downgraded the rating on International Paper Company (NYSE: IP) from Buy to Hold, and lowered the price target from $54.00 to $51.00. In the report, Deutsche Bank noted, “The biggest issue is evidence of increased capital being...
