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Jefferies upgrades Packaging Corp of America on strong market position and outlook

Jefferies upgraded Packaging Corporation of America to 'buy,' citing industry consolidation, positive pricing forecasts, and strong market positioning as factors for potential outperformance.

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Earnings call: PCA reports strong Q3 results with sales up, beats guidance

PCA reports strong Q3 2024 financial results, with significant growth in net income and sales, highlighting robust performance in the Packaging segment amid ongoing market challenges.

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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%

U.S. stocks closed lower, led by losses in Technology and Consumer sectors. Notable gainers included Northern Trust and Teledyne, while losses were seen in Enphase and McDonald's.

• PKG

Packaging Corp of America tops Q3 estimates on higher pricing power

Packaging Corp of America exceeded Q3 profit and revenue expectations, driven by strong demand and price increases despite potential future shipment declines.

• PKG

Packaging Corp. stock gains 2% on earnings beat, strong demand

Packaging Corporation of America reported strong Q3 earnings, exceeding expectations with increased revenue and shipments, while facing potential challenges in Q4 due to seasonal and environmental factors.

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Fed's rate cut offers limited relief for US factories facing China competition