The Zacks Analyst Blog Highlights:Boeing, Avery Dennison, United Stationers,
ACCO Brands and Standard Register Co.
CHICAGO, March 6, 2013
CHICAGO, March 6, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include The Boeing Company (NYSE:BA),
Avery Dennison Corporation (NYSE:AVY), United Stationers Inc. (Nasdaq:USTR),
ACCO Brands Corporation (NYSE:ACCO) and The Standard Register Company
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Here are highlights from Tuesday's Analyst Blog:
Boeing Wins Billion-Dollar Deal
The Boeing Company (NYSE:BA) has received an order worth $1 billion from
Cathay Pacific Airways for three 747-8 Freighter airplanes. The order also
includes options for five additional 777 Freighters.
Besides strengthening its position as a market leader in the air cargo
business, Cathay Pacific Airways seems to be renewing its freighter fleet with
newer, more efficient airplanes. Cathay Pacific currently operates six 747-400
Freighters, eight 747-8 Freighters, six 747-400ER Freighters and one 747-400
BCF. The new 747-8 Freighters fleet will gradually replace the older fleet.
The Boeing 747-8 is a wide-body jet airliner developed by Boeing Commercial
Airplanes. It is the fourth-generation Boeing 747 version, with lengthened
fuselage, redesigned wings, and improved efficiency. The 747-8 has two main
variants: the 747-8 Intercontinental (747-8I) for passengers and the 747-8
Freighter (747-8F) for cargo.
The 747-8 Freighter gives customers 16% more revenue cargo volume in
comparison to its predecessor like 747-400 Freighter with comparable trip
costs and lower ton-mile costs. Besides providing enhanced environmental
performance, the 747-8 Freighter benefits cargo operators with the lowest
operating costs and best economics of any large freighter airplane. After
100,000 hours of service, the 747-8 Freighters have reported a 1% improvement
in fuel burn than expected by customers.
Boeing is the largest aircraft manufacturer in the world in terms of revenue,
orders and deliveries, and one of the largest aerospace and defense
contractors. In fourth quarter of 2012, Boeing's Commercial Airplanes made 165
deliveries in comparison to 128 in the year-ago quarter. In 2012, the company
delivered the first 747-8 Intercontinental. Recently, Boeing also received an
order for two Boeing 747-8 Intercontinental from Air China.
Due to the continuing recovery of the global economy, demand for Boeing's
Commercial Airplanes is benefiting from a steady improvement in passenger and
freight traffic. To catch up with the expected rise in air traffic and to
check fuel bills, airliners will need to replace older airplanes with new
Also, the U.S. defense budget is skewed towards a number of prominent Boeing
programs. Overall, the growth momentum is expected to be maintained by its
order backlog, planned production rate increases and a globally diversified
customer base. The company presently retains a short-term Zacks Rank #2 (Buy).
Avery Dennison's New Paper Policy
Avery Dennison Corporation (NYSE:AVY), in association with Rainforest
Alliance, has formulated a policy to promote sourcing of materials responsibly
and using them in an efficient manner. It includes responsible paper sourcing,
procurement and developing greener products from them.
As per the policy, Avery will be bound by certain commitments like identifying
the sources of the pulp, natural fiber and paper to aid the customers and
industry. It will also have the onus to ensure that its suppliers are pursuing
sustainable forest management practices and reward sound environmental
performance to its supply chain partners.
Avery, which is among the top players in labeling and packaging materials and
solutions along with United Stationers Inc. (Nasdaq:USTR), ACCO Brands
Corporation (NYSE:ACCO) and The Standard Register Company (NYSE:SR), will work
to avoid controversial fiber sources and maximize the use of recycled content
The company together with external certification experts will evaluate the
risks involved in its supply chain of illegal timber and irresponsibly
harvested fiber. The strategy aims at the development of procedures for
documenting, verifying and reporting supplier performance.
Avery will review the policy and commitments on a regular basis that are based
on the best scientific evidence to ensure state of the industry. It intends to
minimize the environmental and social impacts of sourcing decisions across the
entire paper lifecycle.
Pasadena, Calif.-based Avery manufactures pressure-sensitive materials, and
tickets, tags, labels and other converted products. Avery has over 200
manufacturing and distribution facilities encompassing more than 60 countries.
Its clientele is spread across the U.S., Europe, Asia, Latin America and other
Avery's restructuring initiatives will help it focus on its market-leading,
pressure-sensitive materials business and Retail Branding and Information
Avery currently retains a short-term Zacks Rank #1 (Strong Buy).
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