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Packaging Corp. initiated with a Neutral at UBS

UBS analyst Anojja Shah initiated coverage of Packaging Corp. (PKG) with a Neutral rating and $200 price target While the company regularly posts the best volumes and margins in the sector, the market is implying EBITDA levels above UBS and consensus numbers for 2025 and /2026, the analyst tells investors in a research note. The firm says Packaging Corp. remains a strong operator, but market expectations are above consensus forecasts.

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