Deutsche Bank Downgrades Graphic Packaging Holding to Hold, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Debbie Jones has downgraded Graphic Packaging Holding (NYSE:GPK) from Buy to Hold and lowered the price target from $30 to $26.
June 29, 2023 | 4:14 pm
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Graphic Packaging Holding has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $26.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for the company. The lowering of the price target from $30 to $26 also suggests that the bank expects the stock's future performance to be weaker than previously anticipated. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100