Wells Fargo Downgrades Graphic Packaging Holding to Underweight, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde has downgraded Graphic Packaging Holding (NYSE:GPK) from Overweight to Underweight and lowered the price target from $26 to $19.
October 19, 2023 | 10:54 am
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Graphic Packaging Holding has been downgraded by Wells Fargo from Overweight to Underweight, with a lowered price target from $26 to $19.
The downgrade from Overweight to Underweight by Wells Fargo, a major financial institution, is a significant negative signal for Graphic Packaging Holding. The lowered price target from $26 to $19 further indicates a bearish outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100