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Fly News Breaks for April 26, 2019
PKG
Apr 26, 2019 | 06:21 EDT
Stephens analyst Mark Connelly downgraded Packaging Corp to Equal Weight with a price target of $100, saying that while there are levers the management can pull to "create additional value", he expects pressure on the stock from another containerboard price cut in Q2. The analyst further cites the company having outperformed "substantially" thus far in 2019, while noting that at best, the year should be "modestly positive year for box shipments" amid weaker economy.
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