Graphic Packaging price target raised to $34 from $33 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Graphic Packaging to $34 from $33 and keeps a Buy rating on the shares. The company’s organic volume/mix and EBITDA came in modestly below expectations, but customer trends revealed more favorable performance amongst segments that have been greater sources of end market focus, namely foodservice and beverage, highlighting new business wins and innovation-led growth, the analyst tells investors in a research note.