Graphic Packaging price target raised to $33 from $31 at Truist

Truist analyst Michael Roxland raised the firm’s price target on Graphic Packaging to $33 from $31 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Paper and Packaging. The quarter was a “mixed paper bag” for paper/forest products, with better containerboard demand and pricing, relatively stable boxboard demand and pricing, but weaker wood products demand and pricing, the analyst tells investors in a research note. The firm further cites the company’s increase of pricing for coated unbleached kraft and coated recycled board.