Greif shares can reach low-to-mid $70s in 12-18 months, says Wells Fargo. Wells Fargo analyst Gabe Hajde believes concerns over a potential trade war and raw material costs are overdone with respect to Greif shares. After hosting investor meetings with management, the analyst has increased conviction in his above-consensus earnings and free cash estimates for fiscal 2019. Should acquisition opportunities not materialize in the near-term, Greif could reward shareholders through both a special dividend and share buyback, Hajde tells investors in a research note. He estimates the stock could approach the low-to-mid $70s over the next 12-18 months and keeps an Outperform rating on the name.
