Wells Fargo Maintains Equal-Weight on Sonoco Prods, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde has maintained an Equal-Weight rating on Sonoco Prods (NYSE:SON) and lowered the price target from $62 to $61.
July 17, 2023 | 1:06 pm
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Wells Fargo has maintained an Equal-Weight rating on Sonoco Prods and lowered the price target from $62 to $61.
The news is directly related to Sonoco Prods (SON). The lowered price target might indicate a slightly less optimistic outlook for the company, but the maintained Equal-Weight rating suggests that the analyst still sees the stock as fairly valued. This could lead to neutral or slightly negative short-term price movement.
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IMPORTANCE 80
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