Truist lowered the firm’s price target on Sonoco (SON) to $57 from $58 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Packaging and Paper/Forest Products. The firm is “selectively” adjusting its estimates, having met with companies in its coverage to review quarterly trends while also including a $40/ton containerboard price increase effective February 2026, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SON:
- BofA upgrades two, downgrades two in packaging and paper ahead of earnings
- Sonoco downgraded to Neutral from Buy at BofA
- Sonoco price target lowered to $46 from $50 at UBS
- Positive Outlook for Sonoco Products: Strategic Transformation and Financial Flexibility Drive Buy Rating
- Citi trims Sonoco target, opens ‘upside 90-day catalyst watch’