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Fly News Breaks for December 7, 2018
GEF
Dec 7, 2018 | 09:01 EDT
Baird analyst Ghansham Panjabi acknowledged the choppier macro environment creates volume uncertainty for Greif, but he believes lower commodity costs are the natural offset to a deceleration in volumes. He also said the company is at the cusp of pivoting towards share buybacks and adding a new dimension to the investment profile. Panjabi maintained his Outperform rating and lowered his price target to $55 from $72 on Greif shares.
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