Temple-Inland Downgraded To Neutral By Goldman Sachs

Goldman Sachs has published a research report on Temple-Inland Inc. TIN and has downgraded the company from Buy to Neutral. In the report, Goldman Sachs writes "We downgrade Temple-Inland (TIN) shares to Neutral from Buy as we see more compelling risk/reward for Smurfit-Stone (SSCC). We see greater relative upside in SSCC, which we initiated coverage of with a Buy rating (see report published 11/28/10). SSCC offers more EPS leverage to our constructive containerboard outlook than TIN. Our EPS estimates and target price for TIN are unchanged and show 11% upside potential. Since we upgraded TIN to Buy on 9/8/2010, TIN shares are +17.0% vs. S&P 500 +8.2% and our paper/forest products coverage +11.0%, over the last 12- months TIN shares are up 17.4% vs. the S&P 500 of 7.1%." Goldman Sachs maintains its $24 price target on Temple-Inland, which closed Friday at $21.59.