Sonoco Products Company is a leading global provider of packaging solutions, specializing in the manufacture of a diverse array of products that serve various industries
The company produces industrial and consumer packaging products that include paperboard containers, flexible packaging, and protective packaging solutions. With a strong focus on sustainability, Sonoco emphasizes innovation in its offerings to meet the evolving needs of its customers while minimizing environmental impact. The company operates through several segments, catering to clients in markets such as food and beverage, healthcare, electronics, and personal care, thereby establishing itself as a trusted partner in the packaging domain.
SON shares surge on agreement to sell Thermoformed & Flexibles Packaging business for $1.8 billion. Proceeds will be used to repay debt. Deal aligns with portfolio simplification strategy.
Sonoco Products is focusing on portfolio optimization, targets consumer businesses and acquisitions. Truist Securities analyst initiates with Buy rating.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Aug. 19-23, 2024.
