Deutsche Bank Upgrades KapStone Paper & Packaging (KS) to Buy, Greater Chance Price Hikes to Stick

Deutsche Bank upgraded KapStone Paper & Packaging (NYSE: KS) from Hold to Buy with a price target of $23.00.

As part of a broad sector call, the firm is increasing our probability of success estimate on the current containerboard hike from 50% to 75-80%. The cited two factors: (1) It is hard to remain neutral in the face of a 115K/ton m/m drop in inventories to the lowest August level in decades & a 97.5% operating rate, (2) conversations with privately-held players across the trade convinced us that we have been too cautious.

For an analyst ratings summary and ratings history on KapStone Paper & Packaging click here. For more ratings news on KapStone Paper & Packaging click here.

Shares of KapStone Paper & Packaging closed at $19.34 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Upgrades Huizhou Desay Sv Automotive Co (002920:CH) to Hold
• Oppenheimer Upgrades Intuitive Surgical (ISRG) to Outperform, 'Crowding Out Competitors Strategically Smart'
• Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold