Wells Fargo Maintains Overweight on Packaging Corp of America, Raises Price Target to $253
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde has maintained an Overweight rating on Packaging Corp of America (NYSE:PKG) and increased the price target from $235 to $253.
October 24, 2024 | 2:02 pm
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POSITIVE IMPACT
Wells Fargo has reaffirmed its Overweight rating on Packaging Corp of America and increased the price target to $253, indicating positive expectations for the stock.
The increase in price target from $235 to $253 by Wells Fargo suggests a positive outlook for PKG, likely leading to a short-term price increase. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100