Packaging Corp. price target raised to $191 from $185 at Truist

Truist analyst Michael Roxland raised the firm’s price target on Packaging Corp. to $191 from $185 and 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, with demand also seen stronger than expected and momentum continuing into Q2 with a strong backlog and bookings up 8%, the analyst tells investors in a research note.