Goldman Sachs Comments on Graphic Packaging Meeting

Goldman Sachs recently met with the Graphic Packaging GPK management team. “The meeting reinforced our constructive view on the US boxboard market, and we continue to believe that higher US boxboard prices will be sustainable through 2012 given backlogs stand above historical average levels, demand is steady owing to exposure to relatively recession resistant food and beverage end markets, and we see no new capacity coming online,” Goldman Sachs writes. Graphic Packaging closed Tuesday at $5.27.