UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Packaging Corp. of America - Packaging Corp of America (NYSE:PKG)

27% profit every 20 days?

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In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Packaging Corp. of America (NYSE: PKG), and slightly raised its price target from $38.00 to $39.00.Jefferies noted, “PKG is the best of breed in containerboard and we continue to see good momentum in the recent data points. However, with shares already trading with a fair valuation, we are more comfortable with a Hold rating.”Packaging Corp. of America closed on Tuesday at $36.26.

27% profit every 20 days?

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