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Fly News Breaks for October 21, 2019
SON
Oct 21, 2019 | 07:08 EDT
BMO Capital analyst Mark Wilde upgraded late Friday Sonoco Products to Market Perform from Underperform with an unchanged $56 price target. While the company is exposed to slowing industrial activity, share downside appears limited at current levels, Wilde tells investors in a research note. The analyst, who remains cautious on the stock, likes Rob Tiede's efforts to reshape Sunoco and senses urgency around its divestitures.
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