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 $246.00 (from $245.00).

The analyst comments "We are d/g shares of PKG to EW from OW (PT now $246 from $245). PKG has been a relative outperformer through the ME conflict—helped by a flight to quality—and now trades at a sizable premium vs. key peers. In our view, risk/reward is currently balanced."

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 $224.46 yesterday.

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