Recent Bearish Trend for Packaging Corporation (PKG) Offers Attractive Entry Point

Group 1 - Packaging Corporation of America (NYSE:PKG) is recognized as one of the top eight paper and plastic packaging stocks to buy according to hedge funds [1] - Michael Roxland from Truist Financial reduced his price target for PKG from $273 to $270 while maintaining a Buy rating despite the company missing its fourth-quarter earnings expectations [1][3] - Roxland noted that the bearish trend in share price following the earnings announcement presents a compelling buying opportunity, with a revised price target indicating a 13% upside potential [3] Group 2 - Citi analyst Anthony Pettinari raised his price target for PKG from $226 to $227, maintaining a Neutral rating due to the company's fourth-quarter results missing consensus estimates [3][4] - Pettinari expressed a cautious outlook for Q1 but anticipates positive indicators ahead of expected price hikes in March [4] Group 3 - Packaging Corporation of America specializes in selling containerboard, uncoated freesheet paper, and corrugated packaging products, serving both industrial and consumer sectors [5]