Raymond James downgraded Sonoco (SON) to Market Perform from Outperform without a price target Both Q3 and 2025E EPS are projected below consensus due to weaker-than-expected contributions from SMP EMEA and softer volumes across other segments, the analyst says in a research note. Elevated interest expenses and limited near-term visibility on Consumer Packaging volumes suggest estimates need to be reset lower, though improving leverage and free cash flow in 2026 and strong market positioning remain positives, the firm says.
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