Bank of Nova Scotia Makes New Investment in Packaging Corporation of America $PKG
Bank of Nova Scotia acquired 26,713 shares of Packaging Corporation of America worth about $6.365 million. Quantbot Technologies LP added a new position (~$819,000). After the transactions, the president held 218,751 shares (~$54.688 million), while shares sold at an average $250.71 for $3.0085 million. Deutsche Bank upgraded to buy (target $256) and Bank of America raised its target to $263, also reiterating buy. MarketBeat data show Moderate Buy with an average target of $264.57. Quarterly earnings were last reported July 22.