Greif shares could rebound in next 30-45 days, says Wells Fargo. Wells Fargo analyst Gabe Hajde views the post-earnings selloff yesterday in shares of Greif as "overly punitive" despite the elevated macro uncertainty. The integration of the Caraustar business is progressing on plan, says the analyst, who believes the risk to achieving the upwardly revised synergy objective is low. Hajde sees potential for shares to rebound in the next 30-45 days, with the company's June 26 analyst day serving as a catalyst. With that said, he views the stock's medium-to-long term risk/reward as balanced and keeps a Market Perform rating on Greif. The analyst dropped his price target for the shares to $40 from $42.
