Wells Fargo raises Packaging Corp price target to $233
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: Benzinga
Packaging Corp of America shares rose by 3.51% today, reaching a 20-day high. This increase comes amid mixed market performance, with the Nasdaq-100 down 0.61% and the S&P 500 slightly up by 0.03%.
The surge in Packaging Corp's stock is attributed to Wells Fargo raising its price target from $222 to $233, reflecting an upgrade from Equal-Weight to Overweight by analyst Gabe Hajde. This upgrade indicates strong confidence in the company's growth prospects, potentially attracting more investor interest.
The positive outlook from Wells Fargo may lead to increased trading activity in Packaging Corp shares, as investors respond to the upgraded price target and the overall market dynamics.
Analyst Views on PKG
Wall Street analysts forecast PKG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PKG is 242.86 USD with a low forecast of 226.00 USD and a high forecast of 273.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 217.610
Low
226.00
Averages
242.86
High
273.00
Current: 217.610
Low
226.00
Averages
242.86
High
273.00
About PKG
Packaging Corporation of America is a producer of containerboard products and a producer of uncoated freesheet (UFS) paper in North America. The Company operates eight mills and 86 corrugated products plants and related facilities. Its segments include Packaging, Paper and Corporate and Other. Its containerboard mills produce linerboard and corrugating medium, which are papers primarily used in the production of corrugated products. Its corrugated products manufacturing plants produce a variety of corrugated packaging products. In addition, it also produces packaging for meat, fresh fruit, and vegetables, processed food, beverages, and other industrial and consumer products. It manufactures and sells papers, including both commodity and specialty papers, which may have custom or specialized features, such as colors, coatings, high brightness, and recycled content. Its papers consist of communication papers, including cut-size office papers, and printing and converting papers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
