Truist lowered the firm’s price target on Graphic Packaging (GPK) to $14 from $18 and keeps a Hold rating on the shares. The firm cites the company’s lower than expected outlook while noting that the original target of $80M of incremental EBITDA from Waco in each 2026 and 2027 has likely been pushed out given demand and production headwinds, the analyst tells investors in a research note.
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