BUZZ-Jefferies upgrades Packaging Corp of America to 'buy', raises PT

Reuters
2024-12-18

** Packaging Corp of America's shares of up 1.7% at $236.25 in light premarket trading

** Brokerage Jefferies upgrades the stock to "buy" from "hold"; raises price target to $280 from $215

** New PT represents 18% upside to stock's last close

** Jefferies expects PKG to benefit from share gains as firms like International Paper and Smurfit Westrock

prioritize value over volume and reduce capacity

** "As the only U.S. pure play, consistent share winner, and improving industry structure, we expect PKG to outperform & its multiple to expand," brokerage adds

** Six of 10 brokerages rate the stock "buy" or "higher" and four "hold"; with a median PT of $252 - LSEG data

** Up to last close, shares up ~42% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10