Market Overview

Georgia-Pacific Price Hikes Shouldn't Hurt IP, WY, OI & PKG


Bank of America Merrill Lynch maintained its recommendations on several pulp and paper stocks following announced raw materials price hikes from key industry supplier Georgia-Pacific.

B of A/ML said in a research report that the just-announced price increases ($50 per ton on the east coast on linerboard and medium; $70 per ton for the west coast) are in line with current market conditions, and have been expected within the industry.

Additionally, Georgia-Pacific’s price hikes follow those of Longview Fibre, which announced a $50 per ton increase, mainly for its customers on the west coast.

Following Georgia-Pacific’s announcement, B of A ML maintained its recommendations on several major pulp and paper stocks. These include International Paper (NYSE: IP) and Weyerhaeuser (NYSE: WY), both rated Neutral, and Owens-Illinois (NYSE: OI) and Packaging Corp. of America (NYSE: PKG), which stand at Buy.

Posted-In: Analyst Color Analyst Ratings


Related Articles (IP + OI)

View Comments and Join the Discussion!

Latest Ratings

EMNMorgan StanleyUpgrades90.0
DERMRaymond JamesUpgrades0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Webinar: Volatility and the Lessons of the 2008 Financial Crisis

Skyworks Beats Estimates - Analyst Blog