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Starboard estimates for MeadWestvaco very high, says RBC Capital

After activist shareholder Starboard called on MeadWestvaco to take various actions and predicted that the stock could reach $52-$69, RBC Capital thinks that Starboard's forecast reflects a best possible scenario. The firm believes that MeadWestvaco cannot realize the cost savings sought by Starboard overnight. It keeps a Sector Perform rating on the stock.