Severe Weather Hits Graphic Packaging's Operations, Cuts Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Production Disruptions: Graphic Packaging Holding Company has faced production reductions due to severe weather and an electrical failure at its facilities, leading to a lowered adjusted EBITDA outlook for Q3 2024 by $20 million to $25 million.
Financial Performance: The company anticipates full-year 2024 results will fall below previous forecasts, with second-quarter adjusted EPS beating estimates but sales missing expectations.
Analyst Views on MDPL
Wall Street analysts forecast MDPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MDPL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.002
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
