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

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UPDATE: Deutsche Bank Upgrades KapStone Paper And Packaging On Best LT Containerboard Play
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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

Oct 2014DundeeInitiates Coverage onBuy
Oct 2014BarclaysMaintainsOverweight
Oct 2014Vertical ResearchUpgradesBuy

View More Analyst Ratings for KS
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


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