Truist Securities Downgrades Graphic Packaging Holding to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Graphic Packaging Holding (NYSE:GPK) from Buy to Hold and reduced its price target from $32 to $30.
October 30, 2024 | 3:17 pm
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Truist Securities has downgraded Graphic Packaging Holding from Buy to Hold, and reduced the price target from $32 to $30, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the stock, which could lead to a negative short-term impact on the stock price. The lowered price target further supports this cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100