Baird Downgrades Ranpak Hldgs to Neutral, Maintains Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ghansham Panjabi has downgraded Ranpak Holdings (NYSE:PACK) from Outperform to Neutral while maintaining the price target at $10.
August 14, 2024 | 9:16 am
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NEGATIVE IMPACT
Baird analyst Ghansham Panjabi downgraded Ranpak Holdings from Outperform to Neutral, maintaining the price target at $10.
The downgrade from Outperform to Neutral suggests a less optimistic outlook on Ranpak Holdings' stock performance. Maintaining the price target at $10 indicates that the analyst does not foresee significant upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100