Packaging Corporation of America Reports Third Quarter 2016 Results

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Go back to Packaging Corporation of America Reports Third Quarter 2016 Results

Jefferies Cuts Price Target on Packaging Corp. (PKG) to $93; Reiterates Buy

October 21, 2016 8:47 AM EDT

Jefferies maintained a Buy rating on Packaging Corp. of America (NYSE: PKG), and cut the price target to $93.00 (from $96.00), following the company's 3Q earnings report. Jefferies decided to cut estimates to reflect the full $15/ ton cut in linerboard flowing through all of its box... More