Stifel downgraded its rating of Reynolds Consumer (NASDAQ:REYN) to Hold with a price target of $31.00, changing its price target from $33.00 to $31.00.
Shares of Reynolds Consumer are trading down 3.6% over the last 24 hours, at $28.38 per share.
A move to $31.00 would account for a 9.23% increase from the current share price.
About Reynolds Consumer
Reynolds Consumer Products Inc is a provider of household products. The firm is engaged in production and sales of cooking products, waste & storage products, and tableware. It operates through four reportable segments namely, Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware and Presto Products. The company generates revenue through the United States.
About Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
