Deutsche Bank Downgrades Packaging Corp. of America (PKG) to Hold

November 22, 2016 7:29 AM EST
Get Alerts PKG Hot Sheet
Price: $85.76 --0%

Rating Summary:
    8 Buy, 6 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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Deutsche Bank downgraded Packaging Corp. of America (NYSE: PKG) from Buy to Hold with a price target of $90.

"Absent any near-term catalyst, we are downgrading from Buy to Hold on valuation but maintain our $90 PT (~4% upside). We believe estimates reflect the recent $40/ton price increase," said analyst Debbie Jones.

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 $86.29 yesterday.

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