Baird analyst Gransham Panjabi lowered the firm’s price target on Ranpak Holdings to $5 from $8 and keeps an Outperform rating on the shares. The firm believes that the key for the shares to break out of the current trading range is successful execution on positive free cash flow, likely in 2024, and related debt paydown.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PACK:
