Rock-Tenn initiated at Outperform by Wells Fargo


Wells Fargo initiates Rock-Tenn (RKT) at Outperform with a PT of $140-$145 (20.7% potential upside at the midpoint).

Analyst Christopher Manuel: "In our view, RKT maintains a compelling earnings growth story given favorable industry dynamics (upward sloped demand curve and tight inventory levels) and the realization of an additional $100MM in performance improvement savings ... [T]he ideal opportunity for capital redeployment would be if RKT could find another $500MM-2.5B acquisition to start the integration/delevering process all over again."

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Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1601) | Send Message
     
    KS would be the perfect acquisition target.
    12 Sep 2013, 12:13 PM Reply Like
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