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Sonoco Products (SON +1.8%) is upgraded to Neutral from Sell at Goldman with a new $33 price...

Sonoco Products (SON +1.8%) is upgraded to Neutral from Sell at Goldman with a new $33 price target. The firm expects volume declines in SON’s consumer (composite cans) and industrial (tubes/cores) segments will moderate in H2 given easing Y/Y comparisons, SON’s EPS profile has proven more resilient than forecast, and shares are now fairly valued.
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