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Jefferies Starts Sonoco Products (SON) at Hold

May 24, 2011 7:10 AM EDT
Get Alerts SON Hot Sheet
Price: $57.97 +0.57%

Rating Summary:
    5 Buy, 12 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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Jefferies initiates coverage on Sonoco Products (NYSE: SON) with a Hold rating and $38 price target.

The firm states, "While we like Sonoco's total solutions approach and believe it is a great operator, with shares trading in line with its historical average and a lack of M&A activity, we are initiating coverage with a Hold rating and a $38 price target."

For more ratings news on Sonoco Products click here and for the rating history of Sonoco Products click here.

Shares of Sonoco Products closed at $34.78 yesterday.


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