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Major bank rating | Jefferies Financial: Upgraded USA packaging rating to "Buy" Target Price raised to $280.
On December 18, Gelonghui reported that Jefferies Financial upgraded the rating of Packaging Corp of America from "Hold" to "Buy," and raised the Target Price from $215 to $280. The firm stated that as the only pure paper company in the United States, Packaging Corp of America has consistently been a share winner. With improvements in the Industry structure, its performance is expected to surpass that of Other companies, and the multiples will expand.