Graphic Packaging downgraded to Underweight from Equal Weight at Wells Fargo

Wells Fargo downgraded Graphic Packaging (GPK) to Underweight from Equal Weight with a price target of $12, down from $18, citing deteriorating fundamentals and abrupt management change. The firm says that while 2025 turned into a more challenging year than it originally expected, Wells is still waiting for a catalyst that will drive a rebound. K-shaped economy remains the firm’s top concern as low-end consumer health remains poor.