Graphic Packaging price target lowered to $28 from $31 at BofA

BofA lowered the firm’s price target on Graphic Packaging (GPK) to $28 from $31 and keeps a Buy rating on the shares. Graphic Packaging is valued at a very depressed growth outlook, and a pickup in economic activity should help valuation, fundamentals, and support company-specific positives, the analyst tells investors in a research note. Value-return and better volumes are likely on the horizon, BofA says.