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UPDATE 1-Goldman raises Americas paper & forest products sector

Mon May 11, 2009 9:41am EDT

Stocks

   

May 11 (Reuters) - Goldman Sachs upgraded the Americas paper and forest products sector to "neutral" from "cautious" on improving macroeconomic trends, and raised its rating on International Paper Co (IP.N) to "buy" from "neutral."

Goldman Sachs cited International Paper's containerboard exposure, massive free cash flow generation and reduced liquidity risk for the upgrade.

The brokerage also upgraded Louisiana Pacific Corp (LPX.N) to "buy" from "sell" and Norbord Inc (NBD.TO) to "neutral" from "sell," on their increased exposure to wood products.

To know more about the ratings on other companies, double click on [nWNAB7201] (Reporting by Richa Dubey in Bangalore; Editing by Vinu Pilakkott)



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