Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Seaport Global Downgrades Sonoco Products - Read Why

SON (Organization) Sonoco Seaport Global NYSE Sonoco Products Co

Seaport Global analyst Mark Weintraub downgraded Sonoco Products Co (NYSE: SON) to Neutral from Buy.
The analyst noted Sonoco’s stock price has been catching up with his view of company value, returning 19%+ since the Feb 11 report.
The analyst added that Sonoco has rallied past its previous price target of $66. Consequently, Weintraub has stepped to the sidelines for now.
Meanwhile, Weintraub raised the FY22 estimate by 9% to $5.45, to the top end of the company’s revised guidance.
Sonoco reported revenue of $1.77 billion for the first quarter, beating the consensus of $1.74 billion.
Price Action: SON shares are trading lower by 4.25% at $63.97 on the last check Friday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Oregon officials condemn letter telling residents to track down ‘brown people’

Oregon officials condemn letter telling residents to track down ‘brown people’

Anonymous note in Lincoln county told people to write license numbers to find those who may be undocumented

The Guardian - US

Chinese man charged with acting as Beijing agent in local California election

Chinese man charged with acting as Beijing agent in local California election

Authorities arrest Yaoning Sun for allegedly working for Chinese government while trying to get politician elected

The Guardian - US

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovakia's PM Fico's visit to Moscow and divergent stance on Ukraine crisis in contrast to EU leaders. Putin hailed Russian troops in Ukraine as 'heroes' a...

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana’s prison system routinely holds people weeks and months after they have completed their sentences

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

The Independent UK

Absent US congresswoman has been dealing with ‘dementia issues’, family says

Absent US congresswoman has been dealing with ‘dementia issues’, family says

Republican Kay Granger of Texas living at senior living facility, which she reportedly had not disclosed to public

The Guardian - US

Related Stories

Top stories on inkl right now

Oregon officials condemn letter telling residents to track down ‘brown people’

Oregon officials condemn letter telling residents to track down ‘brown people’

Anonymous note in Lincoln county told people to write license numbers to find those who may be undocumented

The Guardian - US

Chinese man charged with acting as Beijing agent in local California election

Chinese man charged with acting as Beijing agent in local California election

Authorities arrest Yaoning Sun for allegedly working for Chinese government while trying to get politician elected

The Guardian - US

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovakia's PM Fico's visit to Moscow and divergent stance on Ukraine crisis in contrast to EU leaders. Putin hailed Russian troops in Ukraine as 'heroes' a...

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana’s prison system routinely holds people weeks and months after they have completed their sentences

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

The Independent UK

Absent US congresswoman has been dealing with ‘dementia issues’, family says

Absent US congresswoman has been dealing with ‘dementia issues’, family says

Republican Kay Granger of Texas living at senior living facility, which she reportedly had not disclosed to public

The Guardian - US

Our Picks

Messiness & the allure of Fleetwood Mac

A new book about Fleetwood Mac covers the dramatic soap opera — and the songs that made the band legends

Martha Stewart's top-drawer storage method 'enables you to get dressed faster' – her decade-old lessons are just as impactful in modern bedrooms

Archival footage shows Stewart's cabinet storage solutions have no expiry date – we're sure her lessons will continue to work years from now

Homes & Gardens

You can bet on anything. Should you?

Here are the risks involved when playing in America's growing casino

SNL’s star-studded cold open called the ‘best in the history of the show’

The sketch featured celebrities who have all hosted the show five times

The Independent UK

“Crowds would get agitated as soon as they heard Slash’s intro riff”: Duff McKagan on the making of a Guns N’ Roses classic

How a song about the “hardscrabble lives” of the fledgling rockers became a timeless rock anthem

'Stranger Things' cast pens emotional notes after final season production wraps

Netflix recently announced that the production of Stranger Things season five has officially wrapped. Read further on Dynamite News:

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play