KeyBanc Starts Greif Inc. (GEF) at Hold; Europe Remains a Difficult Region
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Price: $51.25 +0.23%
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade GEF Now!
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, with a 52 week range of $40.77-$67.57.
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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, with a 52 week range of $40.77-$67.57.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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