Jefferies Upgrades Packaging Corporation of America to Buy, Raises PT to $70.00
September 16, 2013 at 14:37 PM EDT
Jefferies upgrades Packaging Corporation of America (NYSE: PKG ) from Hold to Buy and raises the price target from $49.00 to $70.00. The analyst set a bull-case scenario target of $88. The firm's Philip Ng said Packaging Corp. is getting Boise at an attractive multiple and generally classified the deal
