J.P. Morgan Maintains Neutral on MeadWestvaco

J.P. Morgan is out with its report today on MeadWestvaco MWV, maintaining Neutral. In a note to clients, J.P. Morgan writes, "Looking ahead, we see a 2H story dependent on a consumer recovery and growth initiatives, as the company shifts from cost cutting to investment, which remains a 'show me' story for us given flattish 1H volumes. Thus, we remain Neutral, with the stock at a ~15% premium to the group." J.P. Morgan maintains a $40 PT on MWV. Shares of MWV closed Wednesday at $32.03, up 0.79% from Tuesday's close.