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Fly News Breaks for September 15, 2015
PKG
Sep 15, 2015 | 07:09 EDT
BofA/Merrill analyst George Staphos downgraded Packaging Corp to Neutral. Staphos said his positive thesis is largely played out and China's recent devaluation places increased risk on supply and pricing of containerboard. Staphos lowered his price target to $71 from $80 on shares.