Graphic Packaging (GPK – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Lars Kjellberg from Stifel Nicolaus maintained a Buy rating on the stock and has a $36.80 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lars Kjellberg has given his Buy rating due to a combination of factors including potential upside and strategic initiatives. Despite recent underperformance in earnings against market expectations, Graphic Packaging has demonstrated effective cost management, maintaining margins in a challenging environment characterized by sluggish volume growth.
Additionally, the company has shown promising innovation-driven sales, reaching its annual target, which indicates strong future potential. The strategic investment in the Waco project also highlights the company’s commitment to growth and expansion, despite an increase in project costs. Moreover, the recent increase in dividends reflects confidence in the company’s ongoing financial health and future prospects.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $33.00 price target.