TD Securities Downgrades Boise Inc. (BZ) to Hold
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Price: $7.90 --0%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 16
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 16
Trade BZ Now!
TD Securities downgraded Boise Inc. (NYSE: BZ) from Buy to Hold with a price target of $10.00 (from $9.00).
"Boise shares have outperformed its paper and packaging peer group over the last year, doubling in value from the Q4/11 trough. Since the more recent low in June, the shares have rallied 41% compared with an average of 29% for its peers. We continue to support Boise’s strategy to shift the business towards packaging products – our downgrade reflects our view that valuation appropriately reflects the commodity price momentum in the paper and packaging sectors," said analyst Graham Meagher.
For an analyst ratings summary and ratings history on Boise Inc. click here. For more ratings news on Boise Inc. click here.
Shares of Boise Inc. closed at $9.02 yesterday, with a 52 week range of $5.16-$9.18.
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"Boise shares have outperformed its paper and packaging peer group over the last year, doubling in value from the Q4/11 trough. Since the more recent low in June, the shares have rallied 41% compared with an average of 29% for its peers. We continue to support Boise’s strategy to shift the business towards packaging products – our downgrade reflects our view that valuation appropriately reflects the commodity price momentum in the paper and packaging sectors," said analyst Graham Meagher.
For an analyst ratings summary and ratings history on Boise Inc. click here. For more ratings news on Boise Inc. click here.
Shares of Boise Inc. closed at $9.02 yesterday, with a 52 week range of $5.16-$9.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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