Truist analyst Michael Roxland raised the firm’s price target on Packaging Corp. (PKG) to $264 from $262 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Packaging and Paper/Forest Products. The firm is “selectively” adjusting its estimates, having met with companies in its coverage to review quarterly trends while also including a $40/ton containerboard price increase effective February 2026, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PKG:
- Packaging Corp. price target raised to $249 from $240 at BofA
- Packaging Corp. price target raised to $222 from $200 at Wells Fargo
- Packaging Corp. price target raised to $226 from $220 at UBS
- Packaging Corp. price target raised to $218 from $214 at Citi
- Amazon upgraded, Adobe downgraded: Wall Street’s top analyst calls