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The positive 6% rise and Buy rating from analysts usually indicate potential growth. Additionally, ongoing portfolio rationalization may strengthen SON's market position.
What happened, with direct paths to the underlying reporting
Sonoco shares rose over 6% in five sessions. Analyst initiated coverage with a Buy rating and $63 target. Company is optimizing portfolio, selling non-core units. New Metal Packaging platform enhances growth potential. Strong balance sheet supports dividends and M&A activities.
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