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Fly News Breaks for August 21, 2017
GPK
Aug 21, 2017 | 08:44 EDT
DA Davidson analyst Steven Chercover says that Graphic Packaging and its fellow CRB producers have not been able to push through a second price hike as he had anticipated. However, the analyst continues to believe that the stock is undervalued and he thinks that its "record profitability, free cash flow, and the company's ability to demonstrate that pass-through pricing models can offset inflation" could enable the stock to rise further. He cut his price target on the shares to $16.50 from $17.50 but keeps a Buy rating.
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