Packaging Corporation Of America shares are trading higher after Wells Fargo maintained an Equal-Weight rating on the stock and raised its price target from $147 to $173.
Portfolio Pulse from Benzinga Newsdesk
Packaging Corporation Of America's stock (PKG) is trading higher following Wells Fargo's decision to maintain an Equal-Weight rating and increase the price target from $147 to $173.
November 30, 2023 | 3:08 pm
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POSITIVE IMPACT
Wells Fargo maintained an Equal-Weight rating on Packaging Corporation Of America and raised the price target from $147 to $173, leading to a positive trading sentiment for PKG shares.
The increase in the price target by a reputable financial institution like Wells Fargo typically signals a positive outlook on the stock's value, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100