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On May 23, Wells Fargo Analyst Gabe Hajde Double Updated Sonoko Products Company (NYSE:Son) From the “extreme overweight” from “Armed” and raised the price for $ 45 to $ 55.
According to the firm’s analyst, efforts are made to facilitate the emphasis on less, but larger enterprises.
A factory air view that produces consumer packaging and fiber-based protective packaging.
In addition, Wells Fargo believes that hovering from the middle of the Sonoco Products Company (NYSE: Son) ‘s shares are a relatively clear way for higher earnings. Wells Fargo, Sonoco Company (NYSE products) company (NYSE: Son), focused on 3 main areas with all leading positions. These areas include metal packaging, hard paper packaging and industrial paper packaging.
The company continues to strengthen the balance sheet. With the sale of thermoforic and flexibicles packaging, Sonoco Products Company (NYSE: Son) used $ 1.56 billion in revenue after taxes to reduce the debt. As a result, his net arm ratio is already on the 4.0x net debt / corrected EBITDA and the targeted net goal is on the way to achieve 3.3x – 3.3x.
Sonoco Products Company (NYSE: Son) is engaged in developing, developing and selling several engineers and continuous packaging products.
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