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International Paper (IP) Stock Higher Today After Wells Fargo Upgrade
2015-01-16 15:20:31| Paper - Topix.net
"We are upgrading shares of IP given: an improving demand trajectory in the domestic containerboard market, margin improvement opportunity in the company's Latin American corrugated operations and contribution from high-return capital projects completed in the past 12 to 18 months," Wells Fargo said. Margin improvement from lower input costs and the potential for a spring containerboard price increase that could drive $310 million in EBIT improvement and 50 cent/share in EPS on an annual basis also prompted the upgrade, analysts added.
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CCEA nod to maintain higher buffer stock of foodgrains
2015-01-16 14:44:21| Agriculture - Topix.net
As per the revised norms, FCI has to maintain higher buffer stock and strategic reserves during the second and third quarter of the calendar year, while lower stocks in the first and last quarter of the year. o avoid shortage of foodgrains once all states implement the food law, government on Friday approved raising buffer stock and strategic reserve limits of Food Corporation of India for both wheat and rice.
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Will This Price Target Hurt CSX Corp. (CSX) Stock Today?
2015-01-16 03:27:34| Railroads - Topix.net
The analyst firm lowered its 2015 and 2016 EPS estimates for the railroad company to $2.19 a share and $2.49 a share from $2.26 and $2.52, respectively. Credit Suisse analysts also set their 2017 EPS estimates for CSX at $2.80 a share.
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Tweedy Browne Adds Agricultural Manufacturer Stock to Portfolio
2015-01-15 22:45:15| Industrial Machines - Topix.net
Tweedy Browne Global Value recently added AGCO Corp , a U.S. stock, to its international portfolio of 97. The portfolio is now valued at $6,527 Mil. Browne bought 12,965 shares of AGCO Corp currently priced at $43.73.
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Park Electrochemical Corp. Stock Rating Lowered by Zacks
2015-01-15 13:14:00| Electronics - Topix.net
They currently have a $20.20 price objective on the stock. Zacks 's price target points to a potential downside of 4.85% from the stock's previous close.
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