Graphic Packaging price target lowered to $10 from $13 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Graphic Packaging (GPK) to $10 from $13 and keeps a Sector Perform rating on the shares after meeting with its investor relations team. The takeaway is that food demand remains soft, though the firm believes that the 23% selloff in the stock price discounts the continued weak demand and potential energy inflation, the analyst tells investors in a research note.