Reason For Movement
Buckingham Research raised its estimates and price targets for International Paper Co IP, Packaging Corp Of America PKG and WestRock Co WRK.
The revision was premised on a $40 per ton of container board price hike reflected by the PPW.
International Paper is up 23 percent thus far this year compared to a 28 percent gain for Packaging Corp of America. WestRock is up a more modest 1.8 percent.
In pre-market trading, International Paper was up 1.49 percent at $47.70 and WestRock was gaining 1.21 percent to $46.44.
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