Wells Fargo analyst Gabe Hajde says Greif (GEF) reports a solid Q2, highlighted by Fiber pricing and margin performance in Polymers. Adjusted EBITDA beat consensus by 6% and “low-end” guide was bumped up. Wells believes expectations were low, thus absent surprises on the earnings conference call, the firm expects a positive reaction. The firm has an Overweight rating on the stock with a price target of $67.
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Read More on GEF:
- Strong Financial Performance and Attractive Valuation Drive Buy Rating for Greif Class A
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- Greif reports Q2 adjusted EPS $1.19 vs. 83c last year
- Greif raises FY25 adjusted EBITDA view to $725M from $710M
- Greif price target lowered to $67 from $75 at Wells Fargo
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