Canaccord lowered the firm’s price target on Reynolds Consumer Products (REYN) to $26 from $27 and keeps a Hold rating on the shares. The firm said they reported Q1 results that were modestly below expectations on both sales and profitability. With that, unanticipated retailer destocking and tariff impacts have tempered expectations, resulting in full-year guidance being revised lower and Q2 guidance coming in below expectations.
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Read More on REYN:
- Reynolds Consumer Products Q1 2025 Financial Overview
- Reynolds Consumer Products sees FY25 adjusted EPS $1.54-$1.61, consensus $1.62
- Reynolds Consumer Products reports Q1 adjusted EPS 23c, consensus 23c
- Reynolds Consumer Products sees Q2 adjusted EPS 35c-39c, consensus 41c
- Reynolds Consumer Products price target lowered to $30 from $35 at Truist