KeyBanc Comments on Packaging Stocks, Downgrades PTV and SLGN
More News related to BLL
- KeyBanc Reiterates a 'Buy' on Ball Corporation (BLL); Raises Price Target
- Notable Mergers and Acquisitions of the Day 7/1: BORL, BLL, HRSH
- Ball (BLL) to Buy Four Beverage Packaging Plants From AB InBev For $577 Million
- Ball to Acquire Four Beverage Packaging Plants From AB InBev
- Ball to Announce Second Quarter Earnings on July 23
More News related to CCK
- Crown Holdings (CCK) Acquires Beverage Can Production Facility in Vietnam
- Crown Expands Presence In Vietnam
- Crown Holdings (CCK) Recommends Against Mini-Tender From TRC Capital
- Crown Holdings, Inc. Recommends Rejection of 'Mini-Tender' Offer from TRC Capital
- Crown Holdings Schedules Second Quarter 2009 Earnings Conference Call
More News related to GEF
- Greif, Inc. Expands IBC Product Portfolio with Jielin
- Greif Brothers (GEF) Tops Q2 EPS by 2c; Guides
- Greif, Inc. Reports Second Quarter 2009 Results
- Greif, Inc. (GEF) Approves $0.38 Per Share Quarterly Dividend
- Greif, Inc. Declares Second Quarter 2009 Dividends
KeyBanc reiterates a Buy rating on Ball Corporation (NYSE: BLL), Crown Holdings (NYSE: CCK), Greif (NYSE: GEF), Myers (NYSE: MYE), Owens-Illinois (NYSE: OI) and Sonoco (NYSE: SON).
Additionally, KeyBanc downgrades Pactiv (NYSE: PTV) and Silgan (NASDAQ: SLGN) from Buy to Hold.
KeyBanc analyst says, "As has occurred during and following past recessions, packaging stocks are out-performing the broader market by a wide margin, a trend we expect to continue in 2009. As a result we have a strong overweight bias to the group. However, to differentiate relative opportunity across the companies in our coverage universe, we have evaluated free cash flow (FCF) yields on our 2009 estimates, where we view a 10% yield as attractive and a 15% yield as a strong buying signal. Additionally, given that there is a high degree of uncertainty surrounding the 2009 economic climate, we created "base case" estimates for each company under coverage in our October report "Expect Relative Out- Performance Over Next 12 Months".
Related Categories
Analyst CommentsDowngrades
Stocks Mentioned
-22.78
+1.72Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
