Graphic Packaging Holding Company (GPK) the Worst House in a Great Neighborhood - KeyBanc

KeyBanc analyst Adam Josephson reiterated an Underweight rating and $17.00 price target on Graphic Packaging Holding Company (NYSE: GPK) after the company beat in 1Q, along with every other paper company. Price/cost is highly favorable for the sector following a year in which it was just the opposite.

The analyst stated "The price/cost benefits will last as long as demand holds up, in our view, and we're not sure why it would for much longer in the case of boxboard given falling CPG volumes and the increasing possibility of a recession in the not-too-distant future. And we think GPK's high leverage (4.6x as of 1Q) adds another element of risk to the story, thus our UW rating."

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 $20.80 yesterday.

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