Deutsche Bank Raises Temple-Inland PT, Maintains Buy

Deutsche Bank raised its Temple-Inland TIN price target from $28 to $36 and maintained its Temple-Inland Buy rating in a research report published today. In the report, Deutsche Bank states, "Earlier this week, IP announced it will commence a tender offer for all outstanding shares of TIN for $30.60/share in cash. IP will not be able to pick up the tendered shares without triggering TIN's “poison pill.” However, in our view an IP/TIN deal will ultimately be negotiated in a mid/upper $30 range." Shares of Temple-Inland were trading at $31.07 at the time of posting, up 1.04% from Wednesday's market close.