Jefferies analyst Philip Ng lowered the firm’s price target on Berry Global (BERY) to $83 from $86 and keeps a Buy rating on the shares. While demand remains muted for the group, in-line to modest beats “should be enough for relief rallies,” the analyst tells investors in a Paper & Packaging Q3 earnings preview. Walmart (WMT) comments that the company has seen some impact from GLP-1 has led to the selloff in the sector, with Ball (BALL), Crown Holdings (CCK) and Berry “particularly hard hit,” the analyst noted.
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