Berry Global price target raised to $75 from $68 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Berry Global to $75 from $68 and keeps an Overweight rating on the shares. While vols. are expected to be subdued in the near-term, Berry is aggressively pursuing cost-out actions and cultivating final stages of inflation recovery, the firm notes. The shareholder return story is also unfolding with share repo, dividend, and deleveraging, Wells says.