Jefferies Boosts Target On Packaging Corp. (PKG) to $29

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Jefferies raised its price target on Packaging Corp. of America (NYSE: PKG) from $27 to $29 but kept its Hold rating.

The firm comments, "PKG continues to execute well in a tough environment and its business is holding up better than its peers. That said, with shares already trading with a full multiple, we remain comfortable with our Hold rating."

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 $28.21 yesterday, with a 52 week range of $21.05-$30.69.

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