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UPDATE: Citigroup Initiates Graphic Packaging Holding Company with Buy on Superior Cash Flow Growth

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Paperboard Price Declines Weigh On Graphic Packaging Shares, Baird Says Buy On Weakness

In a report published Friday, Citigroup analyst Anthony Pettinari initiated coverage on Graphic Packaging Holding Company (NYSE: GPK) with a Buy rating and $9.00 price target.

In the report, Pettinari noted, “We are initiating coverage on GPK with a Buy rating and a $9 target – Our positive view is based on superior cash flow growth in 2013-14, upside potential from price hikes & cost takeout, and attractive valuation. Key points: (1) Superior Cash Growth Potential in 2013-14. (2) Upside Potential From Cost & Growth Initiatives. (3) Price Hikes are a Near-Term Catalyst. (4) Attractive Valuation at a Discount to Peers.”

Graphic Packaging Holding Company closed on Thursday at $7.35.

Latest Ratings for GPK

DateFirmActionFromTo
Dec 2016Bank of AmericaUpgradesNeutralBuy
Nov 2016KeyBancInitiates Coverage OnSector Weight
Nov 2016CLSAInitiates Coverage OnOutperform

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Posted-In: CitigroupAnalyst Color Initiation Analyst Ratings

 

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