Truist raised the firm’s price target on Packaging Corp. to $215 from $208 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Paper and Packaging. The quarter was a “mixed paper bag” for paper/forest products, with better containerboard demand and pricing, relatively stable boxboard demand and pricing, but weaker wood products demand and pricing, the analyst tells investors in a research note. The firm further cites demand in containerboard continuing to improve but with no new capacity being added in the near- term.
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