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Stock impact report

Truist Raised Target Price on Sonoco Products (SON) to $69, Following Investor Day [Yahoo! Finance]

Sonoco Products Company (SON) 
Last sonoco products company earnings: 4/16 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.sonoco.com/investor-relations-0
Company Research Source: Yahoo! Finance
Sonoco Products Company (NYSE:SON) is one of the 13 Deep Value Stocks to Buy Right Now Truist analyst Michael Roxland, on February 20, raised his target price on Sonoco Products by 27.8% to $69 (from $54) and reiterated his Buy recommendation on the stock. He said that the company's near- and medium-term guidance, presented during an Investor Day it hosted on February 17, seemed achievable and implied “lots of upside.” In that investor day, Howard Coker (President and Chief Executive Officer of Sonoco Products) and members of the senior leadership team presented their financial targets over the next three years. They are targeting a 200-basis-point expansion in adjusted EBITDA margins, which would yield $1.5 billion in adjusted EBITDA by the end of 2028. The EBITDA growth would then translate to $2.5 billion in cumulative cash flow from operations over the next three years. As for capital expenditures, they are aiming to maintain CapEx levels at 4% of sales, while targeting a lon Show less Read more
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