Citigroup Maintains Buy on Sonoco Prods, Lowers Price Target to $68
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Anthony Pettinari maintains a Buy rating on Sonoco Prods (NYSE:SON) but lowers the price target from $70 to $68.
July 11, 2023 | 2:56 pm
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Citigroup maintains a Buy rating on Sonoco Prods but lowers the price target from $70 to $68.
The news is directly related to Sonoco Prods (SON). While the Buy rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the Buy rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100