UPDATE: BofA/Merrill Lynch Upgrades Sonoco Products (SON) to Buy
(Updated - July 22, 2013 9:17 AM EDT)
BofA/Merrill Lynch upgraded Sonoco Products (NYSE: SON) from Neutral to Buy with a price target of $42 vs $38. Analyst George Staphos thinks the odds are high that investors will be surprised by Sonoco's earnings power over the next 12 months, and he sees a turn occurring in several of Sonoco businesses.
For an analyst ratings summary and ratings history on Sonoco Products click here. For more ratings news on Sonoco Products click here.
Shares of Sonoco Products closed at $36.46 yesterday, with a 52 week range of $28.61-$37.12.
BofA/Merrill Lynch upgraded Sonoco Products (NYSE: SON) from Neutral to Buy with a price target of $42 vs $38. Analyst George Staphos thinks the odds are high that investors will be surprised by Sonoco's earnings power over the next 12 months, and he sees a turn occurring in several of Sonoco businesses.
For an analyst ratings summary and ratings history on Sonoco Products click here. For more ratings news on Sonoco Products click here.
Shares of Sonoco Products closed at $36.46 yesterday, with a 52 week range of $28.61-$37.12.