Jefferies Upgrades Packaging Corp of America to Hold, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng has upgraded Packaging Corp of America (NYSE:PKG) from Underperform to Hold and raised the price target from $105 to $142.
September 27, 2023 | 9:36 am
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Packaging Corp of America (PKG) has been upgraded from Underperform to Hold by Jefferies, with a price target increase from $105 to $142.
The upgrade from Underperform to Hold indicates a more positive outlook on the company by Jefferies. The significant increase in the price target from $105 to $142 suggests that the analyst sees a strong upside potential for the stock. This could lead to increased investor interest and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100