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Sector Snap: Paper product makers set for rally?

NEW YORK (AP) - Wall Street analysts are beginning to suggest that recently falling petroleum prices plus continued dollar weakness could energize shares of some packaging and paper products makers, even as they hover near 52-week lows. Citi Investment Research analyst Chip Dillon said the recent runup in energy prices has savaged shares of AbitibiBowater Inc., Smurfit-Stone Container Corp. and International Paper Co., all of which are his top picks in the sector. On Thursday, natural gas futures for August delivery fell as much as 8.2 percent on the New York Mercantile Exchange, the most since a 13.8 percent drop recorded on Aug. 20, 2007, according to Nathan Golz, researcher at Wachovia Securities in St. Louis. Prices settled 86.1 cents lower at $10.537 per 1,000 cubic feet. Natural gas is both a fuel and a component for... [read full story]                    

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