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Truist Financial Reaffirms Their Buy Rating on Packaging (PKG)

Tipranks - Tipranks - Tue Feb 3, 7:12AM CST

In a report released today, Michael Roxland from Truist Financial reiterated a Buy rating on Packaging, with a price target of $270.00.

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Roxland covers the Consumer Cyclical sector, focusing on stocks such as Greif Class A, Packaging, and Graphic Packaging. According to TipRanks, Roxland has an average return of 5.5% and a 60.64% success rate on recommended stocks.

In addition to Truist Financial, Packaging also received a Buy from Wells Fargo’s Gabrial Hajde in a report issued on January 29. However, on the same day, Bank of America Securities downgraded Packaging (NYSE: PKG) to a Hold.

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Based on Packaging’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.31 billion and a net profit of $226.9 million. In comparison, last year the company earned a revenue of $2.18 billion and had a net profit of $238.1 million

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