Graphic Packaging price target lowered to $15 from $17 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Graphic Packaging (GPK) to $15 from $17 and keeps a Sector Perform rating on the shares following the company’s guidance cut. The firm thinks Graphic Packaging’s recent senior management turnover creates strategic uncertainty, and RBC Capital continues to monitor the situation for updates, especially to Vision 2030 priorities.