Berry Global price target raised to $74 from $68 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on Berry Global to $74 from $68 and keeps an Outperform rating on the shares. The analyst believes an overhauled approach towards capital allocation that now favors a return of cash to shareholders via share buybacks and dividends should continue to drive valuation revaluation to the upside.