Wells Fargo Maintains Equal-Weight on Sonoco Prods, Lowers Price Target to $50
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 $55 to $50.
October 19, 2023 | 1:42 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Sonoco Prods and lowered the price target from $55 to $50.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Sonoco Prods' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100