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Fly News Breaks for September 22, 2016
PKG
Sep 22, 2016 | 06:34 EDT
Goldman analyst Brian Maguire initiated Packaging Corp. with a Sell and a $77 price target. The analyst expects the US containerboard oversupply situation to get worse in 2017 and for industry competition to intensify, which will negatively impact Packaging Corp. given its large exposure.
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