Sonoco Products downgraded to Underweight from Neutral at JPMorgan JPMorand is more cautious on Sonoco's emerging market and plastics strategies and its ability to achieve above cost returns near-term. Price target lowered to $32 from $34.
Argus upgraded Sonoco on multiple positive catalysts As noted earlier, Argus upgraded Sonoco to Buy from Hold. The firm believes the company has multiple upcoming positive catalysts, including volume growth acceleration, price increases, lower raw material costs, and productivity gains. Target $56.