Packaging Corp. price target raised to $150 from $148 at Citi

Citi raised the firm’s price target on Packaging Corp. to $150 from $148 and keeps a Neutral rating on the shares. The analyst trimmed estimates for the containers and packaging space ahead of the Q3 earnings reports to reflect slightly weaker than expected volumes and rising raw material costs. Sentiment is low and investors may be expecting fiscal year guides at the lower end of ranges, the analyst tells investors in a research note.