Fly News Breaks for June 17, 2019
Jun 17, 2019 | 09:04 EDT
Baird analyst Ghansham Panjabi noted Graphic Packaging shares have frustrated investors for more than two years but he believes the shares are ready to break higher. He believes margin expansion, an increasingly favorable core volume outlook, and an offensive bias toward free cash flow allocation should help the shares out of their previous holding pattern. Panjabi reiterated his Outperform rating and raised his price target to $17 from $15 on Graphic Packaging shares.
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