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Bank of America Cuts Packaging Corp. Price Target to $260

Bank of America logoBank of America
Sig1.05Sen-0.30Env0.00Soc0.00Gov0.00
Packaging Corporation of America logoPackaging Corporation of America
Sig1.35Sen-0.75Env0.00Soc0.00Gov-0.30

Bank of America reduced its price target for Packaging Corporation of America to $260 from $280 in a research note. Other analysts also adjusted their views: Truist lifted its target to $270 with a buy rating, Weiss raised from hold to buy, and Wells Fargo set an $246 equal-weight target. PKG’s quarter volume and insider sales were also reported.

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