Packaging companies trade strong as Credit Suisse upgrades the sector after price hikes on...

|By:, SA News Editor

Packaging companies trade strong as Credit Suisse upgrades the sector after price hikes on containerboard appears to be going over more smoothly than anticipated with customers. International Paper (IP +3.5%), Rock-Tenn (RKT +2.5%), and Packaging Corp. of America (PKG +1.9%) were all lifted to Outperform from Neutral.