Market Overview

Jefferies Reiterates Buy on Packaging Corp of America Following 3Q13 Recap

Related PKG
Markets In Rally Mode: S&P 500 And Nasdaq Surge As Dow Lags
Packaging Corp Of America Ticks Higher; Company Hints Of MLP Conversion

In a report published Wednesday, Jefferies analyst Philip Ng reiterated a Buy rating and $68.00 price target on Packaging Corp of America (NYSE: PKG).

In the report, Jefferies noted, “PKG continues to execute at a high level and volumes remain strong. The BZ transaction should close by October 25th, and based on the PF financials the company released today, the transaction is more accretive than we initially expected, driven by lower interest expense with the company refinancing Boise's high cost debt.”

Packaging Corp of America closed on Tuesday at $57.88.

Latest Ratings for PKG

DateFirmActionFromTo
Oct 2014DundeeInitiates Coverage onBuy
Oct 2014CitigroupMaintainsBuy
Sep 2014DA DavidsonUpgradesNeutralBuy

View More Analyst Ratings for PKG
View the Latest Analyst Ratings

Posted-In: Jefferies Philip NgAnalyst Color Reiteration Analyst Ratings

 

Related Articles (PKG)

Around the Web, We're Loving...

Get Benzinga's Newsletters