Wells Fargo has decided to maintain its Equal-Weight rating of Packaging Corp of America (NYSE:PKG) and lower its price target from $154.00 to $143.00.
Shares of Packaging Corp of America are trading up 0.33% over the last 24 hours, at $137.38 per share.
A move to $143.00 would account for a 4.09% increase from the current share price.
About Packaging Corp of America
Packaging Corp of America is the fourth- largest containerboard and corrugated packaging manufacturer in the United States. It produces roughly 4 million tons of containerboard annually. The company's share of the domestic containerboard market is about 10%. It differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility. Its three reportable segments: Packaging, Paper and Corporate and Other.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.