Janney Montgomery Scott Upgrades Grief (GEF) to Buy
More News related to GEF
- KeyBanc Comments on Packaging Stocks, Downgrades PTV and SLGN
- Greif, Inc. Announces Fourth Quarter and Fiscal 2008 Earnings Release and Conference Call
- Matrix Lighthouse Rating Changes 11/07
- Greif, Inc., Closes on Four Transactions
- Greif, Inc. to Present at Longbow Research Paper & Packaging Conference
More News related to Upgrades
- BMO Upgrades Spectrum Brands (SPC) to Market Perform
- Maxim Upgrades Palomar Medical (PMTI) to Buy
- RBC Capital Upgrades DSP Group (DSPG) to Sector Perform
- UBS Upgrades Morgans Hotel Group (MHGC) to Buy
- Janney Montgomery Scott Upgrades Wright Express Corp (WXS) to Buy.
Janney Montgomery Scott upgrades Grief (NYSE: GEF) from Neutral to Buy with a fair value of $72.
The firm said, "Greif’s shares traded down well in excess of a choppy market yesterday on no specific news, but it appears that an announcement from Dow Chemical that it is cutting back on some of its chemical production was a contributor to the weakness. The chemicals referenced by Dow are not relevant to Greif in that they are shipped by bulk through pipelines and rail, while Greif’s packaging is used for other Dow-produced chemicals that are still experiencing healthy end-markets. We have been awaiting an entry point into this well managed company with continued strong growth prospects, and believe that yesterday’s sell-off presents the opportunity we have been waiting for."
Greif, Inc. engages in the manufacture and sale of industrial packaging products, and containerboard and corrugated products worldwide.
Related Categories
UpgradesStocks Mentioned
+1.51Related 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!
