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News Breaks | | | | December 10, 2012 | | 08:22 EDT |  | SON | Sonoco Products shares are undervalued at current levels, says RW Baird
Baird believes Sonoco Products near term outlook may be volatile but its 4.0% dividend yield should limit downside from current levels. The firm also cited lower investor expectations, an improving cash flow, cost reduction plans as reasons the shares are undervalued at current levels. Shares are Outperform rated with a $35 price target. | |
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