Goldman Sachs Downgrades MeadWestvaco (MWV) to Neutral, SBS Price Risk
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Price: $48.30 --0%
Rating Summary:
7 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 36
Rating Summary:
7 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 36
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Goldman Sachs downgraded MeadWestvaco (NYSE: MWV) from Buy to Neutral with a price target of $30.00 (from $33.00).
While the firm likes the company's strong balance sheet and execution, they are lowering 2013 EPS estimates to reflect the recent softening in bleached board (SBS) prices.
Goldman lowered 2012-2014 EPS estimates to $1.46, $1.74, and $1.93 from $1.49, $1.91, and $2.05, respectively.
For an analyst ratings summary and ratings history on MeadWestvaco click here. For more ratings news on MeadWestvaco click here.
Shares of MeadWestvaco closed at $31.20 yesterday.
While the firm likes the company's strong balance sheet and execution, they are lowering 2013 EPS estimates to reflect the recent softening in bleached board (SBS) prices.
Goldman lowered 2012-2014 EPS estimates to $1.46, $1.74, and $1.93 from $1.49, $1.91, and $2.05, respectively.
For an analyst ratings summary and ratings history on MeadWestvaco click here. For more ratings news on MeadWestvaco click here.
Shares of MeadWestvaco closed at $31.20 yesterday.
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