Wells Fargo Downgrades Packaging Corp. of America (PKG) to Market Perform

Wells Fargo analyst Gabe Hajde downgraded Packaging Corp. of America (NYSE: PKG) from Outperform to Market Perform with a price target of $93.00 (from $100.00).

The analyst comments "Beyond the near-term, we believe uncertainty surrounding added capacity in other geographies (mostly Europe and China) as well as limited visibility into Chinese policy for recovered paper imports renders the risk/reward neutral."

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 $89.26 yesterday.

You May Also Be Interested In

• Evercore ISI Downgrades Reddit (RDDT) to In Line, Removes From Tactical Outperform List
• Alnylam Pharmaceuticals (ALNY) PT Lowered to $350 at Freedom Broker
• First Solar (FSLR) PT Lowered to $248 at Freedom Broker