JPMorgan DISSED and 4 New Wall Street Analyst Calls to Note Now
KapStone Paper and Packaging Corporation’s (NYSE:KS) price increase (announced Friday) will likely be matched by the top integrated Paper & Packaging firms, says Jefferies. The analyst firm expects that Rock-Tenn (NYSE:RKT) will outperform the group, pointing to its leverage to a price rise and the underperformance of peers, and in addition sees upside to forecasts for Rock-Tenn and Packaging Corp. (NYSE:PKG) if the announced price increase should be realized.
International Paper Co. (NYSE:IP): Credit Suisse does not believe that large containerboard producers will follow Kapstone’s price increase. The firm expects that large producers will hold off for a more opportune time when economic conditions have improved.
EMBRAER – Empresa Brasileira de Aeronáutica S.A. (NYSE:ERJ) shares plunged following Mitsubishi Aircraft’s deal to sell 100 regional planes to SkyWest (NASDAQ:SKYW), but Maxim doesn’t think that the deal should have any immediate impact on Embraer. The analyst acknowledges that Embraer may now have to deal with more competition in the regional jet market and also that its order backlog has dropped in recent months, but it still predicts that the company will grow over the long-term. It keeps its Buy on Embraer, as well.
J,P. Morgan Chase & Company’s (NYSE:JPM) run-up subsequent to its second quarter release is being driven by relief from details of its loss, says Argus. However, the analyst sees the bank’s underlying revenue trends as remaining weak while macro risks are increasing. Argus restates its Hold, but would not recommend leaving any positions at this point, due to J.P. Morgan’s dividend yield and commitment to resume repurchases.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) was mentioned positively at Bank of America Merrill.
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