CADNF - Hurricane Ida disrupts the containerboard and plastics sectors with many mills and plants closed

Containerboard stocks are on watch with Hurricane Ida likely to disrupt mill production in Louisiana for an extended period. Citi analyst Anthony Pettinari notes containerboard stocks typically modestly outperform the S&P 500 in the 10 days after hurricane landfalls in Louisiana. Stocks that could be impacted include Packaging Corp of America (PKG +0.4%), Cascades (OTCPK:CADNF), International Paper (IP -0.3%) and WestRock (WRK -0.4%). The broad paper/containerboard sector was rattled on Friday by indications that higher pulp costs may be hard to pass on to customers. The plastics sector is also on watch due to plant stoppages related to Ida. Companies like Sealed Air (SEE +0.1%), Berry Global (BERY +0.0%), Pactiv Evergeen (PTVE -0.3%), Amcor (AMCR +0.1%) and Silgan Holdings (SLGN +0.9%) could all see an impact. More on the impact of Hurricane Ida : U.S. insurance stocks, aluminum stocks, home improvement retailer stocks.

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Hurricane Ida disrupts the containerboard and plastics sectors with many mills and plants closed