Jefferies Starts Rock-Tenn (RKT) at Buy
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Price: $14.76 -1.86%
Rating Summary:
17 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on Rock-Tenn (NYSE: RKT) with a Buy. PT $79.00.
The firm comments, "While there are some undercurrents, with containerboard prices potentially declining and integration risk with Smurfit, RKT has the most compelling risk-reward profile in paper. With ~$5 of synergies and LT fundamentals improving in containerboard, we our initiating coverage with a Buy and a $79 PT."
For an analyst ratings summary and ratings history on Rock-Tenn click here. For more ratings news on Rock-Tenn click here.
Shares of Rock-Tenn closed at $54.75 yesterday.
The firm comments, "While there are some undercurrents, with containerboard prices potentially declining and integration risk with Smurfit, RKT has the most compelling risk-reward profile in paper. With ~$5 of synergies and LT fundamentals improving in containerboard, we our initiating coverage with a Buy and a $79 PT."
For an analyst ratings summary and ratings history on Rock-Tenn click here. For more ratings news on Rock-Tenn click here.
Shares of Rock-Tenn closed at $54.75 yesterday.
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