Graphic Packaging price target lowered to $30 from $31 at Truist

Truist lowered the firm’s price target on Graphic Packaging (GPK) to $30 from $31 and keeps a Hold rating on the shares after attending its European Packaging Innovation Field Trip. The company remains focused on building a systems-based portfolio of products to address growing customer needs for sustainable packaging, and while Graphic Packaging did not update guidance, its Q1 performance may be weaker than expected due to continued softer CPG volumes, the analyst tells investors in a research note.