Cantor Fitzgerald Starts Ranpak Holdings (PACK) at Overweight

Cantor Fitzgerald analyst Troy Jensen initiates coverage on Ranpak Holdings (NYSE: PACK) with a Overweight rating and a price target of $11.50.

The analyst comments "We initiate coverage of Ranpak with an Overweight rating and 12-month $11.50 price target. Ranpak is a leading provider of environmentally sustainable, systems-based, product protection and end-of-line automation solutions for e-commerce and industrial supply chains. Our Overweight rating is based on an improving demand environment in e-commerce, the secular shift from plastic to paper, and increasing demand for automation and machine vision. Longer-term opportunities exist with the expansion into cold chain solutions, the buildout into retail channel and consumables, and further geographical expansion."

For an analyst ratings summary and ratings history on Ranpak Holdings click here. For more ratings news on Ranpak Holdings click here.

Shares of Ranpak Holdings closed at $7.27 yesterday.

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