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Fly News Breaks for May 10, 2018
GPK
May 10, 2018 | 07:40 EDT
Stephens analyst Mark Connelly blames recent pressure on shares of Graphic Packaging on the growth struggles evidenced by some of its big Consumer Packaged Goods customers. However, he points out that Graphic Packaging is not sharing in those growth problems, noting that it has seen four quarters of volume growth as it replaces big brand volume with business from smaller, faster growth clients. He sees the selling pressure as a buying opportunity and maintains an Overweight rating and $23 price target on Graphic Packaging shares.
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