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UPDATE: Jefferies Raises PT on Packaging Corp. of America Following 2Q13 Recap

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In a report published Thursday, Jefferies analyst Philip Ng reiterated a Hold rating on Packaging Corp. of America (NYSE: PKG), and raised the price target from $48.00 to $49.00.

In the report, Jefferies noted, “We are encouraged PKG continues to see strong demand in July and has realized the full box price increase already. That said, with the stock trading at a 20%+ premium to IP and RKT, absent a price increase in 2014, we believe the stock is fairly valued.”

Packaging Corp. of America closed on Wednesday at $51.49.

Latest Ratings for PKG

DateFirmActionFromTo
Jan 2021UBSInitiates Coverage OnSell
Jan 2021Morgan StanleyMaintainsEqual-Weight
Jan 2021BMO CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for PKG
View the Latest Analyst Ratings

 

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Posted-In: Jefferies Philip NgAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
WWEEvercore ISI GroupUpgrades
INTB of A SecuritiesUpgrades40.0
BLDPBMO CapitalInitiates Coverage On39.0
SSYSStifelInitiates Coverage On40.0
CMGGoldman SachsInitiates Coverage On1,650.0
View the Latest Analytics Ratings
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