Graphic Packaging price target lowered to $26 from $32 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Graphic Packaging (GPK) to $26 from $32 but keeps an Outperform rating on the shares. The firm is cutting its estimates after the company’s reduced FY25 volume outlook, though after the 15% selloff in the stock, it believes the downside is limited, presenting investors with a “strong buying opportunity”, the analyst tells investors in a research note.