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Fly News Breaks for January 26, 2016
PKG
Jan 26, 2016 | 07:39 EDT
Jefferies analyst Philip Ng views the 13% post-earnings selloff yesterday in shares of Packaging Corp. of America as overdone. The price cut by PPW has a 7%- 8% impact to earnings and the market was already pricing in a $40-$50/ton cut, Ng tells investors in a research note. He views containerboard stocks as oversold and keeps a Buy rating on Packaging with a $71 price target.
News For PKG From the Last 2 Days
PKG
Apr 25, 2024 | 07:13 EDT
