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

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In a report published Monday, Jefferies & Company reiterated its Hold rating on Sonoco Products Company
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.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies & Company
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