Truist lowered the firm’s price target on Graphic Packaging (GPK) to $24 from $28 and keeps a Hold rating on the shares. The firm cites the company’s Q1 earnings miss and 2025 guidance cut reflecting slower CPG and consumer demand, rising inflation, and lower prices, the analyst tells investors in a research note. Truist adds that Graphic Packaging’s previous guidance had embedded price/cost neutrality with the company now implementing price increases to recoup inflation.
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