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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Rock-Tenn Company

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Earnings Scheduled For July 29, 2014

In a report published Friday, Jefferies & Company reiterated its Buy rating on Rock-Tenn Company (NYSE: RKT), and raised its price target from $82.00 to $87.00.

Jefferies noted, “The underlying fundamentals for the sector are more favorable than last year, with demand stabilizing and 2013 shaping up as a record FCF year. That said, with the group rallying and trading at historical average multiples, we believe investors need to be selective. Our favorite longs are RKT, OI, CCK, and SEE.”

Rock-Tenn Company closed on Thursday at $74.28.

Latest Ratings for RKT

DateFirmActionFromTo
Sep 2014BMO CapitalInitiates Coverage onMarket Perform
Aug 2014BarclaysMaintainsOverweight
Jul 2014MacquarieDowngradesOutperformNeutral

View More Analyst Ratings for RKT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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