Market Overview

UPDATE: JP Morgan Lowers PT to $9.50 on Boise Concerning Containerboard Price Increase

Related BZ
11 Companies You Would Never Guess Warren Buffett Loves
Top 4 Small-Cap Stocks In The Paper & Paper Products Industry With The Lowest PEG Ratio

In a report published Tuesday, JP Morgan maintained its Neutral rating on Boise (NYSE: BZ) and lowered the price target to $9.50 from $10.

JP Morgan reported that, “We believe the primary downside risks to our Neutral rating include: (1) additional and cost inflation, particularly around wood fiber or chemicals, (2) a slower-than-expected macroeconomic environment, which could pressure containerboard and UCFS volumes and prices, (3) if its current discount to peers widens, and (4) execution risk involved with any M&A activity it pursues, including paying too high of a multiple on any potential upcoming deal.”

Boise shares closed at $8.31 on Tuesday.

Latest Ratings for BZ

Sep 2013Goldman SachsDowngradesBuyNeutral
Sep 2013Longbow ResearchDowngradesBuyNeutral
May 2013Longbow ResearchInitiates Coverage onBuy

View More Analyst Ratings for BZ
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings


Related Articles (BZ)

View Comments and Join the Discussion!

Partner Center