Greif price target raised to $69 from $63 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Greif to $69 from $63 and keeps an Equal Weight rating on the shares. Heading into Q4 reporting, the analyst is cautious given broad-based macro-uncertainty, slowing industrial demand, and the first cut in domestic cboard prices. Regardless of the macro, cash flow generation should be resilient and Hajde envisions continued capital discipline/room for internal self-help initiatives.