Opening Glance: Paper and packaging companies rise

Citi analyst Chip Dillon said many companies have raised prices in the second quarter and third quarter, as raw-material costs continue rising.

Dillon also upgraded shares of MeadWestvaco Corp. to "Buy" from "Hold."

How some paper and packaging companies performed Friday:

Weyerhaeuser Co., up 59 cents to $56.45.

AbitibiBowater Inc., up 30 cents, or 2.1 percent, to $12.93.

MeadWestvaco, up $1.33, or 5.6 percent, to $25.19.

International Paper Co., up 62 cents, or 2.5 percent, to $25.35.