Truist Financial Adjusts Packaging Sector Outlook Highlighting PKG and Sonoco

Key Facts

1Truist Financial reiterated a Buy rating for PKG with a price target of $258.00.

2The company's EPS beat expectations in Q1 despite revenue missing estimates.

Truist Financial has reaffirmed its Buy rating for Packaging Corporation of America (PKG) with a $258 target, following a strong Q1 EPS of $2.40 that beat estimates. Concurrently, the firm lowered its price target for Sonoco Products (SON) to $65 from $68 while maintaining a Buy rating after the company missed Q1 earnings and revenue expectations. Sonoco also established a FY2026 EPS guidance range of $5.80–$6.20. For PKG, UBS Group raised its target to $232 with a neutral stance, despite recent insider selling by the company president. These updates reflect a diverging operational landscape within the packaging sector, balanced by high institutional ownership in key players.

6 months ago

Version History

Version 26 months ago

What changed: Added new information regarding Sonoco Products, including a price target reduction by Truist Financial and a Q1 earnings miss.

Version 16 months ago

What changed: Updated the story to include UBS raising its price target, confirming the Q1 EPS beat ($2.40 vs $2.17 expected), and reporting insider selling by a company president.