Jefferies Downgrades Graphic Packaging Holding Company (GPK) to Hold

Jefferies downgraded Graphic Packaging Holding Company (NYSE: GPK) from Buy to Hold with a price target of $14.00 (from $15.00).

Analyst Philip Ng commented, "While we believe GPK is one the best managed companies in our coverage, we are downgrading the stock to Hold and believe the stock is fairly valued and will be range bound. With demand remaining weak and rising input costs, we are cutting our 2017 estimates (4% below consensus) and expect muted EPS growth and anticipate pushback on the CRB price increase."

For an analyst ratings summary and ratings history on Graphic Packaging Holding Company click here. For more ratings news on Graphic Packaging Holding Company click here.

Shares of Graphic Packaging Holding Company closed at $12.55 yesterday.

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