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Zacks highlights Sonoco raising Q1 earnings outlook on higher demand, noting its gain from Metal Packaging acquisition, strong recovery in price across most of its businesses; stable consumer demand, other factors expected to drive results in current year

Morningstar initiates Sonoco at US$55 fair value estimate, noting strong 2022 amid steady demand for its packaging, robust pricing gains; Sonoco's pricing gains should slow, return to more normalized rates as inflationary pressures soften through the year

Sonoco raises Q1 financial guidance due to improving productivity, lower than expected input costs and higher demand than forecasted in certain products and end markets

Sonoco Protective Solutions plans to purchase new steam chest molding machines, lease new fork trucks, add air compressors, transition to a newer production data system and update boilers in its plant in Owosso, Michigan

Sonoco becomes member of European Paper Packaging Alliance, a food and foodservice packaging association; Sonoco to collaborate with other EPPA members to promote the value of recycling, as well as the use of poly-coated fiber-based packaging

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