Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Sonoco Products Company

Share:
Related SON
Sonoco Pays About 65% Of Its Profit As Dividend
Goldman Considers Pushback To May 12 Comments On Packaging Sector

In a report published Monday, Jefferies & Company reiterated its Hold rating on Sonoco Products Company (NYSE: SON), but lowered its price target from $35.00 to $33.00.

Jefferies noted, “While mgmt's guidance is shy of consensus estimates, most of the shortfall was non-operating related and we are encouraged that SON is not seeing any real change in order patterns and demand ahead of a potential fiscal cliff.”

Sonoco Products Company closed on Friday at $29.76.

Latest Ratings for SON

DateFirmActionFromTo
Jul 2016BarclaysMaintainsUnderweight
Jul 2016Vertical ResearchDowngradesHoldSell
Jul 2016JefferiesMaintainsHold

View More Analyst Ratings for SON
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (SON)

View Comments and Join the Discussion!