Greif price target lowered to $75 from $76 at Wells Fargo

Wells Fargo lowered the firm’s price target on Greif (GEF) to $75 from $76 and keeps an Overweight rating on the shares. Though underlying results reflected modest year-over-year improvement, the stock reaction following the company’s Q1 EBITDA miss reflects high expectations for the pace of EBITDA growth pitched at the December Investor Day. Wells remains bullish on the long-term upside.