Wells Fargo raised the firm’s price target on Berry Global to $77 from $72 and keeps an Overweight rating on the shares. The firm notes that the new leadership team at Berry is setting the stage for multiyear productivity gains as well as “prioritizing the customer” to drive LSD organic growth. While details of the potential HH&S sale is unknown, proceeds should accelerate de-leveraging, Wells adds.
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Read More on BERY:
- Berry Global price target raised to $74 from $73 at Truist
- Berry Global price target lowered to $74 from $78 at RBC Capital
- Berry Global price target raised to $75 from $71 at Citi
- Berry Global price target lowered to $78 from $80 at BofA
- Berry Global sees FY24 adjusted EPS $7.35-$7.85, consensus $7.89
