Citigroup Maintains Neutral on Packaging Corp of America, Lowers Price Target to $128
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Anthony Pettinari has maintained a Neutral rating on Packaging Corp of America (NYSE:PKG) and lowered the price target from $131 to $128.
July 11, 2023 | 2:41 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Packaging Corp of America and lowered the price target from $131 to $128.
The news directly pertains to Packaging Corp of America (PKG). The lowered price target could indicate a potential decrease in the stock's value, but the maintained Neutral rating suggests that the overall outlook for the company remains stable. This could lead to a neutral short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100