Citigroup Maintains Neutral on Packaging Corp of America, Raises Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari has maintained a Neutral rating on Packaging Corp of America (NYSE:PKG) and raised the price target from $150 to $158.
October 25, 2023 | 3:25 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Packaging Corp of America and raised the price target from $150 to $158.
The news is directly about PKG and is likely to influence investor sentiment. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at current levels. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100