Packaging Corp. price target lowered to $185 from $187 at Truist

Truist lowered the firm’s price target on Packaging Corp. to $185 from $187 but keeps a Buy rating on the shares. The company delivered strong results again this quarter due in part to its focus on continuous improvement and operational excellence utilizing technology, local operations, and engineers, the analyst tells investors in a research note. Truist adds that the solid demand, execution, efficiency, and pricing implementation offset the company’s weaker sales mix and higher costs.