Sonoco (SON) Guides 2013 Below Street

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Sonoco Products (SON) Order Patterns Unchanged, Notes Analyst

December 10, 2012 8:47 AM EST

Following soft guidance announced on Friday, Jefferies maintained a Hold rating on diversified packaging company, Sonoco Products (NYSE: SON), and trimmed its price target to $33.00 (from $35.00). Analysts noted that while guidance was light, the shortfall was non-operating related.

"We are trimming our... More