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Goldman Considers Pushback To May 12 Comments On Packaging Sector

By Insider Scoop
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Courtesy of Benzinga.

A Goldman Sachs analyst considered his May 12 resumption of coverage on a number of Packaging companies after hours on Wednesday.

The firm’s Brian Maguire holds an Attractive rating on overall sector.

The analyst saw investor pushback on the Attractive sector rating, which was highlighted by three main catalysts:

  1. “historical late-cycle outperformance;
  2. underappreciated coming resin benefits; and
  3. attractive valuation supported by strong cash flows.”The sector ratings were as follows:

    • Graphic Packaging Holding (NYSE: GPK) – Buy rating, $16.50 price target
    • Sealed Air Corp (NYSE: SEE) – Buy, $59
    • Berry Plastics Group Inc (NYSE: BERY) – Buy, $50
    • Sonoco Products Co (NYSE: SON) – Neutral, $50
    • Silgan Holdings Inc. (NASDAQ: SLGN) – Neutral, $53
    • Bemis Company, Inc. (NYSE: BMS) – Neutral, $53
    • Crown Holdings, Inc. (NYSE: CCK) – Neutral, $60

Latest Ratings for SON

Date Firm Action From To
Jun 2016 Goldman Sachs Assumes Neutral
May 2016 Goldman Sachs Initiates Coverage on Neutral
Apr 2016 DA Davidson Downgrades Neutral Underperform

View More Analyst Ratings for SON


View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Analyst Ratings

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