Graphic Packaging price target lowered to $26 from $30 at Raymond James

Raymond James lowered the firm’s price target on Graphic Packaging (GPK) to $26 from $30 and keeps an Outperform rating on the shares. Graphic Packaging’s Q1 results and 2025 outlook disappointed on a lower volume outlook, and cost inflation was an “unwelcome and puzzling” surprise, the analyst tells investors in a research note. The firm believes current levels represent an attractive risk/reward profile, particularly with the 2026 free cash flow inflection even improved following the sizable share repurchase authorization and the closure of two competitor recycled paperboard facilities.