Barclays Downgrades Packaging Corp. of America (PKG) to Overweight

Barclays downgraded Packaging Corp. of America (NYSE: PKG) from Equalweight to Overweight with a price target of $90.00 (from $92.00).

Analyst Scott Graffner comments "Improved productivity and rebound in containerboard and corrugated box shipments should drive earnings growth in 2017. Rebound in containerboard and corrugated box shipments will help long-term."

For an analyst ratings summary and ratings history on Packaging Corp. of America click here. For more ratings news on Packaging Corp. of America click here.

Shares of Packaging Corp. of America closed at $94.22 Friday.

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