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home / news releases / REYN - Reynolds Consumer Products: Downgrade To Sell As Pricing Strategy Is Unlikely To Work

REYN - Reynolds Consumer Products: Downgrade To Sell As Pricing Strategy Is Unlikely To Work

Reynolds Consumer Products Inc.

2024-06-17 12:27:11 ET

Summary

  • Downgraded rating from hold to sell due to weak demand outlook.
  • Management's strategy to reset pricing for tableware segment not effective.
  • Expectation of continued pressure on demand due to high mortgage rates and lack of aggressive price resets by management.

Summary

For further details see:

Reynolds Consumer Products: Downgrade To Sell As Pricing Strategy Is Unlikely To Work
Stock Information
Company Name: Reynolds Consumer Products Inc.
Stock Symbol: REYN
Market: NASDAQ
Website: reynoldsconsumerproducts.com
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