SON stock news · Sonoco Products Company
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Sonoco Products Company has signed a big new loan deal worth $400 million.
NeutralSonoco replaced a $500 million loan due in August 2028 with loans due in 2029 and 2031. Later payments help, but loan costs leave its outlook unchanged.
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NeutralSonoco had mixed analyst moves and an announced EMEA paperboard price increase; the report balances positives and negatives, so it leaves Sonoco's picture unchanged.
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Bad for SONBofA cut Sonoco’s price target and downgraded the stock from Buy to Neutral, a clear negative analyst action.