Sonoco Products price target lowered to $48 from $50 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on Sonoco Products (SON) to $48 from $50 and keeps an Underweight rating on the shares. The firm says Q4 was a bit noisy, and it believes much of 2025 could be as well, with Sonoco integrating Eviosys, while offloading other businesses to quickly de-lever. Though Wells acknowledges management is executing, it awaits greater clarity to become more constructive.