** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.