Wells Fargo Maintains Equal-Weight on Sonoco Prods, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde maintains an Equal-Weight rating on Sonoco Products (SON) and raises the price target from $56 to $57.
May 03, 2024 | 6:08 pm
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Wells Fargo maintains an Equal-Weight rating on Sonoco Products and raises the price target from $56 to $57.
The increase in price target by Wells Fargo suggests a positive outlook on Sonoco Products' stock, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target suggests some optimism.
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