Goldman Sachs Reiterates Buy Rating On MeadWestvaco

According to Goldman Sachs, MeadWestvaco MWV Buy rating is reiterated. Goldman Sachs said that the Forestar Group (FOR, NC) announced that it has entered into a definitive agreement to sell about 50,000 acres of timberland to Plum Creek (PCL, CS) for approximately $75 mn in cash. “We reiterate our CL-Buy rating on MWV, given its exposure to our constructive outlook for US boxboard supply/demand fundamentals and pricing, and underappreciated asset value.” MeadWestvaco closed yesterday at $34.05.