Jefferies raises price targets and profit estimates on a number of containerboard stocks on its...

|By:, SA News Editor

Jefferies raises price targets and profit estimates on a number of containerboard stocks on its conviction that recent price increases in the sector will stick due to tight market conditions. PT hikes: International Paper (IP) to $60 from $52, Packaging Corp of America (PKG) to $49 from $39, Rock-Tenn (RKT) to $117 from $105.