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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.

Posted-In: Goldman SachsAnalyst Color Analyst Ratings

 

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