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UPDATE: Jefferies Raises PT on Graphic Packaging Following 2Q13 Recap

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In a report published Monday, Jefferies analyst Philip Ng reiterated a Buy rating on Graphic Packaging (NYSE: GPK), and raised the price target from $10.00 to $10.50.

In the report, Jefferies noted, “While shares have outperformed, GPK is still a fairly under the radar name and we believe the Street has overlooked the earnings leverage it has to the recent boxboard price increases. Further, with shares trading with a 13% FCF yield and on the cusp of returning cash to shareholders, we believe GPK is poised for a breakout 2014.”

Graphic Packaging closed on Friday at $8.50.

Latest Ratings for GPK

DateFirmActionFromTo
Apr 2021Goldman SachsInitiates Coverage OnBuy
Mar 2021Wells FargoInitiates Coverage OnOverweight
Jan 2021UBSInitiates Coverage OnNeutral

View More Analyst Ratings for GPK
View the Latest Analyst Ratings

 

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Posted-In: Jefferies Philip NgAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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