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Optimistic Views on Sonoco (SON) Amid 2026 Volumetric Outlook
Yahoo Finance· 2026-02-10 17:27
Group 1 - Sonoco Products (NYSE:SON) is recognized as one of the top 8 paper and plastic packaging stocks to buy according to hedge funds [1] - Truist Financial analyst Michael Roxland has reaffirmed a Buy rating on Sonoco Products and raised the stock price target from $53 to $54 [1][3] - The 2026 outlook for packaging volumes appears meager, but certain sub-segments are expected to experience volumetric expansion alongside successful price hikes [3] Group 2 - On February 3, Sonoco Products announced a virtual power purchase agreement (VPPA) with Engie SA for the Big Sampson Wind Project, which will provide 140 MW of electricity per year, covering approximately 83% of the company's U.S. operations consumption in 2025 [4] - Sonoco Products is a leading manufacturer and distributor of sustainable fiber-based and recycled packaging products, focusing on both industrial and consumer packaging [5] - The company is the largest provider of tubes, cores, and composite cans globally, with a diverse product range including rigid paper products, steel and plastic containers, and paper-based protective packaging [5]