Sonoco price target raised to $69 from $54 at Truist

Truist analyst Michael Roxland raised the firm’s price target on Sonoco (SON) to $69 from $54 and keeps a Buy rating on the shares. The company’s Investor Day targets imply “lots of upside”, the analyst tells investors in a research note. After several noisy years due to business shifts and numerous pro formas, near-and medium-term guidance seem achievable, the firm adds.