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Fly News Breaks for March 2, 2020
GEF
Mar 2, 2020 | 07:41 EDT
BMO Capital analyst Mark Wilde lowered the firm's price target on Greif to $32 from $36 and keeps an Underperform rating on the shares. The analyst cites mixed performance across all of the company's segments reported in Q1, with volumes remaining pressured. Wilde adds that while paperboard margins stayed "healthy", the sustainability of those margins is in question amid pricing pressure. The analyst further cites that the management's outlook to reach its leverage target has slipped from early 2022 to 2023.
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