Packaging Corporation of America (PKG) declined 0.2% on the trading day covered. According to Barron's reporting from February 23, 2026, packaging stocks were among the market's leading decliners as cardboard prices fell unexpectedly due to sluggish demand. Containerboard prices for February fell by $20 per ton from January, triggered by a rise in discounts, according to data from index provider RISI. PKG shares dropped 7.4% after the opening bell on that Monday. In separate news, BofA Securities upgraded PKG to a Buy rating and raised its target price to $270. Additionally, Aberdeen Group decreased its stake in PKG by 10.4% in the third quarter, reducing its position to 41,778 shares valued at approximately $9.04 million.
Read full analysisPackaging Corporation of America (PKG) declined 0.2% on the trading day covered. According to Barron's reporting from February 23, 2026, packaging stocks were among the market's leading decliners as cardboard prices fell unexpectedly due to sluggish demand. Containerboard prices for February fell by $20 per ton from January, triggered by a rise in discounts, according to data from index provider RISI. PKG shares dropped 7.4% after the opening bell on that Monday. In separate news, BofA Securities upgraded PKG to a Buy rating and raised its target price to $270. Additionally, Aberdeen Group decreased its stake in PKG by 10.4% in the third quarter, reducing its position to 41,778 shares valued at approximately $9.04 million.
Packaging Corporation of America is one of the largest producers of containerboard and corrugated packaging products in the United States, serving a wide range of industrial and consumer goods customers. Its results are closely tied to manufacturing activity, shipping volumes, and containerboard pricing trends. The stock is stabilizing after a sharp selloff driven by a Q4 earnings miss and an unexpected decline in containerboard prices.