Fly News Breaks for July 15, 2019
Jul 15, 2019 | 08:45 EDT
As previously reported, KeyBanc analyst Adam Josephson downgraded Packaging Corp. to Underweight from Sector Weight, with an $89 price target. The analyst believes his below-consensus estimates are biased downward rather than upward given worsening fundamentals in containerboard, pulp, and uncoated freesheet.
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