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Jefferies: Container shipping industry seeing surge in freight rates and company stocks amid rising demand, supply chain disruptions; demand for shipping capacity remains strong and could keep freight rates elevated deep into Q2
Published: May 14, 2024 by Logistics Insider
Deutsche Bank reiterates Lenzing at hold and raises target by €5 to €35, highlights its progressing performance program, aims to annually reduce costs by over €100M; lack of recovery in fiber prices being offset by declining input costs
Published: May 14, 2024 by APA EconomicNews Service (Austria)
Jefferies upgrades Boston Beer to buy and lifts target by US$25 to US$360, noting Truly business has found its floor, Twisted Tea unit is strong; products like Hard Mountain Dew, alcoholic tea Sun Cruiser are offsetting declines in seltzer, beer and cider
Published: May 14, 2024 by Schaeffer's Daily Contrarian
RBC maintains Cascades at sector perform with C$11 target, expects containerboard results can trend higher as prior price increases flow through and Bear Island continues to ramp up, but remaining cautious on company's exposure to rising OCC costs
Published: May 14, 2024 by RBC Capital Markets LLC
RBC maintains Acadian Timber at sector perform and raises target by C$2 to C$20, citing potential catalysts like possible forest carbon opportunities in Canada, renewables projects, NB Power potentially converting Belledune Generating Station to biomass
Published: May 14, 2024 by RBC Capital Markets LLC

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