Ranpak Holdings price target raised to $8 from $7 at Baird

Baird raised the firm’s price target on Ranpak Holdings to $8 from $7 and keeps an Outperform rating on the shares. The firm said the company continues to execute towards a turnaround as highlighted by margin progress over the past three quarters, with the company on track to equal 2019 base profitability by 2025.