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Sonoco Products (SON -1%) is downgraded to Neutral from Buy with a reduced price target of $33...
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Monday, October 8, 2012, 12:48 PM ETSonoco Products (SON -1%) is downgraded to Neutral from Buy with a reduced price target of $33 from $38 by DA Davidson. Putting together concerns over growth due to economic factors and the input pass-through mechanism that's a structural impediment to margin expansion, the firm sees limited upside. It thinks SON's 3.8% dividend yield remains attractive and secure.
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