Citigroup Maintains Neutral on Packaging Corp of America, Raises Price Target to $148
Portfolio Pulse from jenniferd'souza@benzinga.com
Citigroup analyst Anthony Pettinari has maintained a Neutral rating on Packaging Corp of America (NYSE:PKG) and raised the price target from $128 to $148.
July 27, 2023 | 1:10 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Packaging Corp of America and raised the price target from $128 to $148.
The news is directly about Packaging Corp of America (PKG). Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $128 to $148 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100