Greif price target lowered to $67 from $69 at Truist

Truist lowered the firm’s price target on Greif to $67 from $69 and keeps a Hold rating on the shares. The company’s volume improvement continued with positive growth for the second consecutive quarter, but its earnings missed and demand was “mixed”, the analyst tells investors in a research note. Greif has a robust M&A pipeline, but its current focus is paying down debt to within its 2.0-2.5x target range versus a current 3.66x level, the firm added, also cutting its FY24 EPS view by 39c to $4.22 and its FY25 view by 49c to $4.79.