JP Morgan Publish Paper & Packaging 3Q Preview
In the report, JP Morgan writes, “...our preference is generally to wait for quarterly results to buy selective names on weakness. That said, if we had to pick names to own into the quarter, we think RKT (OW) and MWV (OW) could outperform in paper, while IP and UFS could underperform. On packaging, we don't see much to do with BLL or CCK (OW) at current levels into the quarter given our macro caution, while we are cautious on SLGN given its strong performance recently”.
Companies included in the JP Morgan report are: Boise (NYSE: BZ), Graphic Packaging Holding Company (NYSE: GPK), International Paper Company (NYSE: IP), MeadWestvaco Corp. (NYSE: MWV), Packaging Corporation of America (NYSE: PKG), Rock-Tenn Company (NYSE: RKT), Temple-Inland (NYSE: TIN), Domtar (NYSE: UFS).
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