Rock-Tenn (RKT +2.7%) is upgraded to Conviction Buy from Neutral at Goldman Sachs, with an $83...

|By:, SA News Editor

Rock-Tenn (RKT +2.7%) is upgraded to Conviction Buy from Neutral at Goldman Sachs, with an $83 price target raised from $56, citing leverage to higher containerboard prices. The firm says its channel checks suggest producers are showing strong resolve to push through the announced $50/ton price hike, which it says is gaining traction in the market.