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Packaging stocks among hardest hit by Iran war: Morningstar

  • Packaging is among the industries that have been hardest hit by the war in Iran and stocks are in a sell-off, according to a Thursday report from financial services firm Morningstar.
  • As of Monday, the group’s global packaging and containers index showed a 14% decline in stock prices since Feb. 28, the first day of the conflict, putting the industry as the fourth-worst performing. Only metals and mining, mortgage finance and residential construction fared worse, based on Morningstar global indices. The firm’s overall U.S. market index was down 4.3%
  • The Morningstar analysis aligns with data from other reports this week. Jefferies on Tuesday similarly reported a sell-off for packaging and a collective 14% decline in companies’ stock prices since the war began, noting the industry is “significantly underperforming” the S&P 500.

Packaging stocks among hardest hit by Iran war: Morningstar | Packaging Dive

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