Paper Packaging

Deutsche Bank discusses the paper and packaging sector, including Bemis Company, Inc. (NYSE: BMS). It has a Buy rating on shares. Shares of BMS gained 41 cents to close at $33.52 on Friday, a gain of 1.24%.

DA Davidson has initiated coverage for Rock-Tenn (NYSE: RKT) at Buy with a $64 price target.

Medtronic (MDT) has received approval from the US Food and Drug Administration (FDA) for its Integrity coronary stent system, which is based on advanced sinusoid technology. In February the system received CE Mark approval, subsequent to which Medtronic reached the lead position for bare metal...

Shares of Packaging Corporation of America (NYSE: PKG) are down sharply this morning, losing more than 6% on heavy volume. Earlier this morning, the packaging companies, including International Paper (NYSE: IP) filed an antitrust lawsuit accusing International Paper, Packaging Corp of America and...

Graphic Packaging International, Inc., a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced that, in connection with its cash tender offer for up to $250 million aggregate principal amount of its 9.50% senior subordinated notes due August 2013, it has entered into...

According to a recent report from Goldman Sachs, containerboard markets remain tight, despite a slowing US economy. Operating rates are above 95% and are forecasted to stay high through 2012. Demand is steady and absent a recession. Goldman is upgrading Temple Inland (NYSE: TIN) to a Buy given...

• Reports say 7-Eleven is planning a $40 per share bid for Casey's General Stores (NASDAQ: CASY), valued at $2 billion • Fitch upgraded its rating on BP (NYSE: BP) three notches to A with a Stable outlook, noting the "end to the threat of further leaks from the Macondo well" • Goldman Sachs (NYSE:...

Harmony Gold Mining Co (NYSE: HMY) was upgraded by JP Morgan from “neutral” to "overweight." HMY’s shares closed at $10.74 yesterday. Harmony Gold Mining’s earnings are likely to gain 28.60% in the next 5 years. Goldman upgraded Temple-Inland Inc (NYSE: TIN) from "neutral" to "buy.” TIN’ shares...

Spartech Corporation (NYSE: SEH) was downgraded by KeyBanc from “buy” to “hold.” SEH’s shares closed at $9.19 yesterday. SEH’s earnings have fallen by 38.97% in the past 5 years. JP Morgan downgraded AngloGold Ashanti Limited (NYSE: AU) from "overweight" to "neutral." AU’s stock closed at $43.97...

Shares of Temple-Inland Inc. (NYSE: TIN) are higher on the session by 4.31%, currently trading at $17.91. The stock has been moving largely lower over the past five weeks, but has bounced off of the $16.00 support level and is now screaming back toward to 50-day moving average, near $19.00 Options...

Packaging Corporation of America (NYSE: PKG) announced today that its Board has approved a regular quarterly dividend of $0.15 per share on its common stock. The quarterly dividend of $0.15 per share will be paid to shareholders of record as of September 15, 2010 with a payment date of October 15,...

MOD-PAC CORP. (NASDAQ: MPAC) announced today that its Board of Directors has authorized an increase of the existing share repurchase program up to an aggregate of 200,000 shares of the Company’s common stock. The previous share repurchase program, which was announced on August 18, 2005, had a...

ProShares Ultra Silver (ETF) (NYSE: AGQ) traded higher today, along with the silver bullion. AGQ gained 6.09%, and silver closed near $19. Investors have shown a lot of interest in this ETF, as its volume was 2.5 times higher than its average volume. AGQ had a volume of 690K shares. Direxion Daily...

Below are the top paper and paper product stocks on the NYSE and the NASDAQ in terms of market capitalization. International Paper Company (NYSE: IP) has a market capitalization of $8.98 billion. Analysts at Longbow upgraded IP from “neutral” to “buy.” Fibria Celulose SA (NYSE: FBR) has a market...

The largest offshore oil company in China, CNOOC Ltd. (CEO), announced the commencement of its Bozhong (BZ) 19-4 (shallow formation) oil field production in the Bohai Bay, as part of its planned agenda for 2010.   Located in the southeastern part of Bohai Bay, BZ 19-4 oil field was jointly...