Truist cuts Sonoco target to USD 62 for Sonoco Products stock

Published on 10/18/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist cut its target from USD 68.00 to USD 62.00 on October 12, 2026. For Sonoco Products stock, results are due October 21, 2026.

Target changes and earnings dates

Truist cut its Sonoco target from USD 68.00 to USD 62.00 on October 12, 2026.
Sonoco reported USD 1.89 billion in second-quarter revenue for the period ended June 28, 2026.
Sonoco Products stock last stood at EUR 44.30 on October 16, 2026 on Tradegate.

SON, US8354951027, Illustration mit AI erstellt.

Sonoco Products Company (ISIN US8354951027) faces a lower analyst target before its third-quarter report: MarketBeat reported on October 12, 2026 that Truist Financial cut its target from USD 68.00 to USD 62.00 while keeping a Buy rating. The next earnings release is scheduled for October 21, 2026.

Analyst caution has a pattern

The Truist decision followed UBS, which lowered its target from USD 61.00 to USD 51.00 and kept a Neutral rating on October 5, 2026, according to Markets Insider. The two target cuts put more weight on the coming report and the company's full-year adjusted earnings outlook of USD 5.80 to USD 6.20 per share, cited by MarketBeat on October 12, 2026.

Three dated Sonoco milestones

On October 5, 2026, UBS moved its target from USD 61.00 to USD 51.00. On October 12, 2026, Truist reduced its target from USD 68.00 to USD 62.00. On October 21, 2026, Sonoco is scheduled to report third-quarter 2026 results, as stated in its investor release dated September 22, 2026.

What does USD 62 mean for valuation?

The Truist target is 24.52 percent above the USD 49.79 last price on the NYSE at 4:00 p.m. ET on October 16, 2026. The comparison is balanced by operating pressure: Sonoco reported USD 1.89 billion in revenue for the quarter ended June 28, 2026, down 1.30 percent year over year, while adjusted earnings per share reached USD 1.51 against a USD 1.47 consensus estimate, according to MarketBeat on October 12, 2026.

Results and call dates

Sonoco said on September 22, 2026 that third-quarter results will be released on October 21, 2026 after the market closes. The conference call is scheduled for October 22, 2026 at 8:00 a.m. ET.

Euro quote stays dated

The last available euro quote stood at EUR 44.30 on Tradegate on October 16, 2026. Sonoco Products stock is valued at USD 4.9 billion, with a 52-week range of USD 38.65 to USD 60.67 as of the October 16, 2026 market snapshot. The further course of trading is shown by the continuously updated real-time quote of Sonoco Products stock.