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

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Earnings Scheduled For October 25, 2017
Earnings Scheduled For July 26, 2017

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 2017BarclaysMaintainsEqual-Weight
Oct 2017Stephens & Co.Initiates Coverage OnOverweight
Aug 2017BMO CapitalMaintainsOutperform

View More Analyst Ratings for PKG
View the Latest Analyst Ratings

Posted-In: Jefferies Philip NgAnalyst Color Reiteration Analyst Ratings

 

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