Wells Fargo Downgrades Packaging Corp. of America (PKG) to Equal Weight

Wells Fargo analyst Gabe Hajde downgraded Packaging Corp. of America (NYSE: PKG) from Overweight to Equal Weight with a price target of $180.00 (from $205.00).

The analyst comments "We are downgrading PKG to Equal Weight from Overweight and trimming our PT to $180 from $205. We are also reducing our '25/'26 EPS estimates to $9.55/$9.05 and lowering 25/'26 EBITDA to $1.75B/$1.70B. Our new PT is based on 10.7x '26E EBITDA (vs 10.8x previously). Key reasons driving our downgrade are: 1) Worsening fundamentals in domestic and global containerboard markets; 2) A more balanced risk/reward profile; 3) Valuation that is still elevated relative to both history and peers."

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 $183.42 yesterday.

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