Wells Fargo upgraded Packaging Corp. to Overweight from Equal Weight with a price target of $191, up from $187. The firm believes Packaging Corp. stands to outperform peers, many of whom are undergoing transatlantic mega mergers. With a honed commercial plus operational strategy, well invested assets, and potential capital return driving upside, Wells upgrades the stock to Overweight.
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Read More on PKG:
- Packaging Corp. sees Q2 EPS $2.07, consensus $2.22
- Packaging Corp. reports Q1 EPS $1.72, consensus $1.68
- Packaging Corporation Of America (PKG) Q1 Earnings Cheat Sheet
- Packaging Corp. downgraded to Neutral from Outperform at Exane BNP Paribas
- Packaging Corp. price target raised to $183 from $172 at Citi