RBC Capital analyst Arun Viswanathan raised the firm’s price target on Berry Global to $74 from $70 and keeps an Outperform rating on the shares after its Q1 earnings beat and affirmed guidance for FY23 earnings and cash flows. The analyst is positive on the company’s continued price/cost trends, resilient portfolio, and strong free cash flow generation with a greater focus on shareholder returns via share buybacks and dividend.
Published first on TheFly
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