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Explain this story: Citigroup Issues Pessimistic Forecast for Packaging Corporation of America (NYSE:PKG) Stock Price
Citigroup has lowered its price target for Packaging Corporation of America (NYSE:PKG) from $254 to $253, while maintaining a "neutral" rating. Despite this, the broader analyst consensus remains a "Moderate Buy" with an average price target of $271. The company recently surpassed quarterly EPS estimates and saw its revenue increase by 14.7% year-over-year.
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Citigroup has lowered its price target for Packaging Corporation of America (NYSE:PKG) from $254 to $253, while maintaining a "neutral" rating. Despite this, the broader analyst consensus remains a "Moderate Buy" with an average price target of $271. The company recently surpassed quarterly EPS estimates and saw its revenue increase by 14.7% year-over-year.
Article tone: Neutral This describes the words the journalist used. It is not a prediction, and not advice.