KeyBanc Starts KapStone Paper & Packaging (KS) at Buy, Good Way to Play Containerboard

KeyBanc initiates coverage on KapStone Paper & Packaging (NYSE: KS) with a Buy rating and a price target of $33.00. Analyst said the view the company as a good way to play the ongoing structural improvement in the U.S. containerboard industry.

"KS is the containerboard producer to which we are most favorably disposed given the Company's limited exposure to other challenged paper businesses, attractive market share positions in its noncontainerboard businesses, limited exposure to volatile recycled fiber prices, solid balance sheet, and ability to make an accretive acquisition given its low cost of debt," said analyst Adam J. Josephson.

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 $27.70 yesterday.

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