Bank of America Merrill Lynch maintained its recommendations on several pulp and paper stocks following announced raw materials price hikes from key industry supplier Georgia-Pacific.

B of A/ML said in a research report that the just-announced price increases ($50 per ton on the east coast on linerboard and medium; $70 per ton for the west coast) are in line with current market conditions, and have been expected within the industry.

Additionally, Georgia-Pacific’s price hikes follow those of Longview Fibre, which announced a $50 per ton increase, mainly for its customers on the west coast.

Following Georgia-Pacific’s announcement, B of A ML maintained its recommendations on several major pulp and paper stocks. These include International Paper (NYSE: IP) and Weyerhaeuser (NYSE: WY), both rated Neutral, and Owens-Illinois (NYSE: OI) and Packaging Corp. of America (NYSE: PKG), which stand at Buy.

CNBC’s Mad Money Jim Cramer has a bullish call TriQuint Semiconductor (NASDAQ: TQNT) for the long term. So far this year, Shares of TQNT gained over 84%.

Cramer also recommends Hudson City Bancorp, Inc. (NASDAQ: HCBK) for its 4.4% dividend yield. In the past six months, HCBK is up about 12%.

Cisco Systems, Inc. (NASDAQ: CSCO) is another buy call made by Cramer in his show Mad Money. CSCO shares have recovered about 75% from its 52-week low of $13.61.

Meanwhile, Cramer prefers to sell Suntech Power Holdings Co., Ltd. (ADR) (NYSE: STP) now. STP shares have recovered over 200% from its 52-week low of $5.09.

Temple-Inland, Inc. (NYSE: TIN) and Packaging Corporation of America (NYSE: PKG) are another two sell calls made by him in his show.

SUGAR LAND--November 20, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--International consulting, engineering, and project management company AMEC plc (LSE:AMEC) (London, England) has been awarded a $93 million contract by Packaging Corporation of America (NYSE:PKG) (PCA) (Lake Forest, Illinois), a containerboard and corrugated products producing company. The contract involves the enhancement of energy efficiency at PCA's linerboard mill in Valdosta, Georgia. The aim of the project is to reduce energy consumption and electricity costs at the mill. According to Tim Gelbar, President of AMEC's Power and Process Americas business, the project will help PCA reduce fossil-fuel use and begin consuming self-sustained, green energy rather than purchased power.

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Packaging Corp (NYSE: PKG) opened at $19.74. So far today, the stock has hit a low of $19.49 and a high of $19.89. PKG is now trading at $19.60, down $0.28 (-1.41%). The stock hit its 52-Week ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)