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Fly News Breaks for November 15, 2016
PKG
Nov 15, 2016 | 09:04 EDT
As noted earlier, BMO Capital downgraded Packaging Corp to Market Perform from Outperform. Analyst Mark Wilde downgraded the stock based on valuation, the strength of the U.S. dollar, and his belief that it will be challenging for the company to maintain its $50 per ton containerboard hike. Target remains $89.
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