Argus analyst John Eade raised the firm’s price target on Packaging Corp. to $200 from $170 and keeps a Buy rating on the shares. The analyst sees earnings challenges in for the company in the first half of 2024, but then a rebound in the second half of the year. Packaging Corp. has a solid balance sheet “to help weather the storm,” and an attractive dividend, the analyst tells investors in a research note.
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Read More on PKG:
- Packaging Corp. downgraded to Neutral from Buy at Seaport Research
- Packaging Corp. price target lowered to $185 from $187 at Truist
- Packaging Corp. price target raised to $172 from $168 at Citi
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