Citi downgraded Graphic Packaging (GPK) to Neutral from Buy with a price target of $30, down from $33. The firm cites potential price and cost pressure, “tepid” organic volume growth, and a “fair” valuation for the downgrade. Citi expects Graphic Packaging to provide fiscal 2025 25 guidance during the Q4 report in early February, which could come in at $1.60B-$1.80B of EBITDA verses the consensus estimate of $1.756B.
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