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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BERY:
- Berry Global price target raised to $80 from $75 at BofA
- Berry Global price target lowered to $71 from $72 at Citi
- Berry Global price target lowered to $72 from $80 at Citi
- Berry announces 5-year PPA with ACCIONA Energia to ‘power’ Mexico operations
- Berry Global announces review of strategic alternatives for HH&S segment
