UBS initiated coverage of Graphic Packaging (GPK) with a Neutral rating and $24 price target After a multiyear capex cycle, Graphic is pivoting to share repurchases, the analyst tells investors in a research note. However, on the fundamentals, the firm says the company is being impacted by volume declines at its Consumer Packaged Goods and Quick Service Restaurant customers. UBS views these “opposing factors” as netting out to 10% upside potential from current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPK:
- Hold Rating for Graphic Packaging Amid Market Challenges and Strategic Positioning
- Graphic Packaging Approves Charter Amendments and Director Elections
- Graphic Packaging price target lowered to $30 from $32 at Seaport Research
- Graphic Packaging Announces Leadership Change with Yost’s Return
- Graphic Packaging price target lowered to $24 from $28 at Truist