KeyBanc Starts Greif Inc. (GEF) at Hold; Europe Remains a Difficult Region

April 11, 2012 7:26 AM EDT
Get Alerts GEF Hot Sheet
Price: $52.97 +1.01%

Rating Summary:
    2 Buy, 6 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc initiates coverage on Greif Inc. (NYSE: GEF) with a Hold.

Analyst, Adam J. Josephson, said, "We are initiating coverage of Greif with a HOLD rating given our below consensus estimates in 2H12 and FY13 owing to continued difficult market conditions (specifically in its rigid and flexible industrial packaging businesses). Greif faces a number of challenges: integrating the 20 acquisitions it made over the past two years; dealing with ongoing weakness in European economies; and trying to significantly grow its flexible industrial packaging business during the process."

For an analyst ratings summary and ratings history on Greif Inc. click here. For more ratings news on Greif Inc. click here.

Shares of Greif Inc. closed at $53.33 yesterday.

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