Greif price target raised to $72 from $56 at Truist

Truist raised the firm’s price target on Greif (GEF) to $72 from $56 and keeps a Hold rating on the shares after guidance was raised despite the soft volume environment. Metal EBITDA margins should benefit going forward from lower cost inventory sold at higher prices as steel producers raise price in response to raw material inflation, while any higher prices resulting from the new 50% steel tariffs could present additional upside to low-end guidance.