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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 (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
Feb 2015Argus ResearchUpgradesHoldBuy
Feb 2015DA DavidsonDowngradesNeutralUnderperform
Feb 2015BarclaysMaintainsEqual-weight

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