UPDATE: Jefferies Raises PT on Packaging Corp. of America Following 2Q13 Recap
July 18, 2013 at 11:34 AM EDT
In a report published Thursday, Jefferies analyst Philip Ng reiterated a Hold rating on Packaging Corp. of America (NYSE: PKG ), and raised the price target from $48.00 to $49.00. In the report, Jefferies noted, “We are encouraged PKG continues to see strong demand in July and has realized the