Seaport Research downgraded Packaging Corp. to Neutral from Buy without a price target. The analyst says substantial earnings improvement appears to already be discounted in the shares despite the current recovery still being “on shaky ground.” With the stock up substantially, the downgrades Packaging Corp. on valuation despite continuing to view the company as “best in class.”
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Read More on PKG:
- Packaging Corp. price target lowered to $185 from $187 at Truist
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- Packaging Corp. price target raised to $187 from $170 at Truist