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Jefferies Upgrades Packaging Corporation of America to Buy, Raises PT to $70.00

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Jefferies upgrades Packaging Corporation of America (NYSE: PKG) from Hold to Buy and raises the price target from $49.00 to $70.00. The analyst set a bull-case scenario target of $88.

The firm's Philip Ng said Packaging Corp. is getting Boise at an attractive multiple and generally classified the deal as "great."

Latest Ratings for PKG

DateFirmActionFromTo
Jul 2017Goldman SachsUpgradesSellNeutral
Jul 2017Wells FargoDowngradesOutperformMarket Perform
Jul 2017KeyBancInitiates Coverage OnSector Weight

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