Wells Fargo Maintains Equal-Weight on Packaging Corp of America, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde maintains an Equal-Weight rating on Packaging Corp of America (NYSE:PKG) and lowers the price target from $124 to $122.
July 17, 2023 | 1:03 pm
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Wells Fargo has maintained an Equal-Weight rating on Packaging Corp of America and lowered the price target from $124 to $122.
The news is directly related to Packaging Corp of America (PKG). Wells Fargo's decision to maintain an Equal-Weight rating indicates a neutral outlook for the company. However, the lowering of the price target from $124 to $122 might create a slight negative sentiment among investors, but it's not significant enough to predict a downward trend in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100