Information Provided By:
Fly News Breaks for January 31, 2018
PKG
Jan 31, 2018 | 11:35 EDT
As previously reported, Wells Fargo analyst Christopher Manuel upgraded Packaging Corp. to Outperform from Market Perform, citing his view that the company is capable of delivering free cash flow of at least $950M, or over $10.00 per share, in 2019. To support this view, he points to an accelerating economy, which should drive improved demand for the company's corrugated products, and the fact that the company confirmed a $50/ton containerboard increase, which amounts to 10-12% increases on downstream products, effective on March 1. Manuel increased his price target on Packaging Corp. shares to $150 from $130.
News For PKG From the Last 2 Days
There are no results for your query PKG