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UPDATE: Deutsche Bank Raises PT on KapStone Paper and Packaging on Solid Accretion

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Earnings Scheduled For April 27, 2016
KapStone misses by $0.02, misses on revenue (Seeking Alpha)

In a report published Friday, Deutsche Bank reiterated its Buy rating on KapStone Paper and Packaging Corp. (NYSE: KS), and raised its price target from $26.00 to $28.00.

Deutsche Bank noted, “KapStone is doing an impressive job. Accretion from USC acqn is solid @ $35MM (EBITDA, net of financing cost) in Yr 1 & demonstrates ability to grow equity value thru acqn's. The recent $2.00/share of special cash dividend & discipline around further acqns are good news. The B/S is healthy with net leverage @ 1.9x. Beyond FY13 earnings growth from pass-thru of 2012 c'board price hike, KapStone is well-positioned to pursue acquisitions.”

KapStone Paper and Packaging Corp. closed on Thursday at $26.10.

Latest Ratings for KS

DateFirmActionFromTo
Jul 2016DundeeUpgradesNeutralBuy
Apr 2016Bank of AmericaInitiates Coverage onUnderperform
Mar 2016Standpoint ResearchInitiates Coverage onBuy

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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