Bank of America Securities analyst George Staphos reiterated a Hold rating on Graphic Packaging yesterday and set a price target of $23.00.
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George Staphos’s rating is based on a combination of factors, including the recent announcement of CEO Mike Doss stepping down after a long tenure and the appointment of Robbert Rietbroek as his successor. While Rietbroek brings a consumer-focused background from his previous roles, it remains uncertain how this will address the ongoing challenges faced by Graphic Packaging and the broader industry.
Additionally, the company has revised its 2025 guidance downward, reflecting anticipated earnings headwinds and cost reduction initiatives. These adjustments include significant staffing and cost reductions, as well as inventory curtailment plans. Despite these measures, the company’s projected adjusted EBITDA and EPS for 2025 have been lowered, indicating potential financial pressures. Given these uncertainties and the current market conditions, Staphos has maintained a Hold rating on the stock.