Reynolds Consumer Products price target lowered to $27 from $31 at Stifel

Stifel lowered the firm’s price target on Reynolds Consumer Products (REYN) to $27 from $31 and keeps a Hold rating on the shares. The firm reduced March quarter sales estimates for covered household personal products companies, largely reflecting modestly weaker volume trends through calendar Q1 and retailer inventory destocking. Across the group, the firm sees greater risk of volume pressure on more discretionary categories like beauty and less on household products, though it adds that heightened tradedown purchase in these segments is “a watch-point.”