Fly News Breaks for February 12, 2018
PKG
Feb 12, 2018 | 06:28 EDT
DA Davidson analyst Steven Chercover upgraded Packaging Corp to Buy from Neutral and kept his $135 price target. Chercover says the current volatility that took the stock price down 15% from its highs has produced an attractive entry point for this "best in class operator in the containerboard industry" which usually trades at a premium valuation. The analyst adds that the emergence of inflation is not news in the industry and has already been discounted by the company in its guidance.
News For PKG From the Last 2 Days