Truist cuts target to USD 62 for Sonoco Products stock

Published on 10/15/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its target from USD 61.00 to USD 51.00 on October 5, 2026. Sonoco Products stock costs EUR 44.15 on October 15, 2026.

Analyst targets and upcoming results

Truist cut its Sonoco target from USD 68.00 to USD 62.00 on October 12, 2026.
Second-quarter adjusted earnings per share reached USD 1.51 versus USD 1.47 expected.
Sonoco Products stock was trading at EUR 44.15 at 12:19 p.m. CEST at Lang & Schwarz on October 15, 2026.

SON, US8354951027, Illustration mit AI erstellt.

Sonoco Products Company (ISIN US8354951027) is facing a sharper analyst reset ahead of its next quarterly report: Truist Financial lowered its price target from USD 68.00 to USD 62.00 on October 12, 2026, while keeping a Buy rating, according to MarketBeat. Sonoco stock was trading at EUR 44.15 at Lang & Schwarz on October 15, 2026 at 12:19 p.m. CEST.

Targets move ahead of results

The Truist revision followed a series of more cautious estimates. UBS lowered its target from USD 61.00 to USD 51.00 on October 5, 2026, while maintaining a Neutral rating, as reported by Markets Insider. The mixed analyst view puts greater weight on the companys next operating update than on a single target.

What did the last quarter show?

Sonoco reported USD 1.89 billion in revenue for the second quarter of 2026, down 1.30 percent from the same quarter a year earlier. Adjusted earnings per share reached USD 1.51, exceeding the USD 1.47 consensus estimate, according to MarketBeat. The result improved on adjusted earnings per share of USD 1.37 in the prior-year quarter, but the revenue decline keeps growth under scrutiny.

Three dated milestones

On July 22, 2026, Sonoco reported second-quarter revenue of USD 1.89 billion and adjusted earnings per share of USD 1.51. On October 5, 2026, UBS cut 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.

Next dates for investors

MarketBeat lists October 21, 2026, for Sonocos third-quarter results and October 22, 2026, at 8:00 a.m. ET for the related earnings call.

Stock price and business scale

Sonoco serves consumer and industrial packaging markets through 265 facilities in 37 countries and employed 22,000 people in 2025, according to the companys Investor Relations page. The company reported USD 7.5 billion in revenue for fiscal year 2025. For investors, the next report must show whether the earnings beat can offset the recent target cuts.