Goldman Sachs Reiterates Buy Rating On MeadWestvaco
According to Goldman Sachs, MeadWestvaco (NYSE: MWV) Buy rating is reiterated.
Goldman Sachs said that the Forestar Group (FOR, NC) announced that it has entered into a definitive agreement to sell about 50,000 acres of timberland to Plum Creek (PCL, CS) for approximately $75 mn in cash. “We reiterate our CL-Buy rating on MWV, given its exposure to our constructive outlook for US boxboard supply/demand fundamentals and pricing, and underappreciated asset value.”
MeadWestvaco closed yesterday at $34.05.
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