Paper Packaging

Packaging Corporation of America (NYSE: PKG) released its Q2 earnings results on Monday after the closing bell. The company reported adjusted earnings of $39.6 million or $0.39 per share, compared to $39.1 million or $0.38 per share, in the year ago quarter. This compared to Wall Street analysts'...

Packaging Corp. of America (NYSE: PKG) is set to report earnings tonight after the bell, and Wall Street will be looking forward to hearing how the containerboard and paper sector is doing, especially in light of the International Paper (NYSE: IP), Temple-Inland (NYSE: TIN) buyout offer. At last...

Temple-Inland Inc. (NYSE: TIN) today announced that its Board of Directors, after careful consideration with its independent financial and legal advisors, voted unanimously to reject the unsolicited tender offer from International Paper Company (NYSE: IP) to acquire all outstanding common shares of...

Analysts at BMO Capital Markets upgraded Patriot Coal (NYSE: PCX) from “underperform” to “market perform.” PCX's shares closed at $21.84 yesterday. Patriot Coal's trailing-twelve-month revenue is $2.14 billion. Analysts at JP Morgan upgraded Rock-Tenn Company (NYSE: RKT) from “neutral” to “...

This is your Benzinga news summary and traders' outlook for Friday, July 15, 2011, covering headlines from overnight and Friday pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly higher despite a U.S. debt downgrade warning by the S&P. The U.S....

J.P. Morgan has upgraded its rating from Neutral to Overweight and has lowered its price target from $81 to $80 on Rock-Tenn (NYSE: RKT), citing the stocks favorability. In the report, J.P. Morgan writes, “While we have always considered the RKT/SSCC story to be compelling, our primary concern has...

JP Morgan has upgraded Rock-Tenn (NYSE: RKT) from Neutral to Overweight and has lowered the price target from $81 to $80.

Deutsche Bank raised its Temple-Inland (NYSE: 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...

Citi Investment Research is out with a research report on the pulp sector and says to buy International Paper Company (NYSE: IP). It has a $36 price target on shares. In a note to clients, Citi Investment Research writes, "Demand decline in uncoated freesheet - North American demand for one of IP...

International Paper Company (NYSE: IP) today announced that it is commencing a fully financed tender offer for all outstanding common shares of Temple-Inland Inc. (NYSE: TIN) for $30.60 per share in cash. The all-cash offer represents a 46% premium to Temple-Inland's closing price on June 6, 2011,...

According to Bank of America, Rock-Tenn (NYSE: RKT) estimates are adjusted. Bank of America said that F3Q (June): $1.10, was $1.15; F4Q (Sep): $1.55, was $1.45; F2012: $6.55, was $6.45. “RKT will report earnings on August 5th, with a conference call on August 8th. RKT investors will be leveraged...

Bank of America has lowered the price objective on Rock-Tenn Company (NYSE: RKT) from $76 to $75 and maintains its Buy rating.

Shares of Packaging Corporation of America (NYSE: PKG) are higher on the session by 2.07%, trading at $28.57. Overall call volume is now running at 3.18x the daily average, with 13% of all calls traded being purchases on the offer. 2,047 contracts have traded on the session so far. Packaging...

Sealed Air Corporation (NYSE: SEE) today announced that the U.S. Federal Trade Commission and the U.S. Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the proposed acquisition of Diversey Holdings...

JP Morgan has initiated coverage on Sonoco (NYSE: SON) with a Neutral rating and $41 price target.