Packaging Corp. price target raised to $215 from $194 at Wells Fargo

Wells Fargo raised the firm’s price target on Packaging Corp. to $215 from $194 and keeps an Overweight rating on the shares. The firm believes PKG stands to outperform peers, not distracted by transatlantic mega mergers or turnarounds. With a honed commercial plus operational strategy, well invested assets, and potential capital return driving upside, Wells remains bullish.