Deutsche Bank Downgrades Packaging Corp. of America (PKG) to Hold; Sluggish Demand
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Goldman Sachs Upgrades Packaging Corp. of America (PKG) to Neutral
September 7, 2012 7:02 AM EDTGoldman Sachs upgraded Packaging Corp. of America (NYSE: PKG) from Sell to Neutral with a price target of $39.00 (from $29.00) on its bullish containerboard outlook.
The firm expects containerboard producers will realize the announced $50/ton containerboard price hike over the September/October timeframe, and raise 2013... More
