WestRock Company (WRK)

[fourkids_9pets]

Worriers May Have Overdone it on Rock-Tenn -- Market Talk
BY Dow Jones & Company, Inc.
— 11:50 AM ET 10/10/2013

11:50 EDT - Rock-Tenn's (RKT) 21% skid inside the past month provides a buying opportunity, says DA Davidson as it upgrades the paper-and-packaging firm to buy. The investment bank believes "consolidation within the containerboard industry is a theme with staying power," and that RKT represents "the leveraged way to play" the sector. It bought Smurfit-Stone in 2011, but RKT ran into some integration issues. They seem to have finally been resolved as F3Q earnings more than doubled; last quarter's results are due Nov. 4. RKT shares have been hit of late by "reduced sentiment following a series of poor box stats," says DA Davidson. "We think business fundamentals will rectify themselves." RKT rises 3.7% to $103.68 in easily outpacing the broad market rebound. (joe.melvin@ wsj.com)

(END) Dow Jones Newswires
10-10-13 1150ET
Copyright (c) 2013 Dow Jones & Company, Inc.

==
4kids
all jmo