Greif price target lowered to $71 from $77 at BofA

BofA lowered the firm’s price target on Greif (GEF) to $71 from $77 and keeps a Neutral rating on the shares. The firm said its analysis is there are better combinations of catalysts and upside in the sector, adding that it would also like more visibility on how Greif replaces the earnings from its to-be-divested containerboard business. The firm also remains a bit leery on how weak chemical- and auto-sector trends are showing up in domestic and European trends in metal and large-plastic drums, including intermediate bulk containers, the analyst tells investors in a research note.