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Fly News Breaks for April 2, 2018
GEF
Apr 2, 2018 | 07:31 EDT
As reported earlier, BMO Capital analyst Mark Wilde upgraded Greif to Outperform from Market Perform and raised his price target to $60 from $57. Wilde points to a sharp pullback in the company's stock price over the recent months, along with a favorable industry and corporate backdrop, creating a more constructive risk/reward at 7.4-times his expected FY18 EBITDA valuation. The analyst sees solid outlook for most of Greif's businesses, with rigid container segment bouncing back from weak 2017-end and its undervalued timberland assets.
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