Packaging Corp. price target lowered to $236 from $253 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on Packaging Corp. (PKG) to $236 from $253 and keeps an Overweight rating on the shares. Despite Wednesday’s share price reaction, Packaging Corp. remains well on track to deliver double digits profit growth in 2025 on above-industry volume growth, best in class returns, and net leverage well below the peer group average, the firm says.