Wells Fargo analyst Gabe Hajde raised the firm’s price target on Packaging Corp. (PKG) to $200 from $180 and keeps an Equal Weight rating on the shares. The firm notes Q2 started with extreme uncertainty, but it believes largely exited in line with expectations. Q2 Cboard pricing was flat. Stressed consumers keep Wells cautious domestically, with ongoing trade tensions and export demand an underappreciated risk.
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