Berry Global price target raised to $81 from $75 at Citi

Citi analyst Anthony Pettinari raised the firm’s price target on Berry Global to $81 from $75 and keeps a Buy rating on the shares. Shares traded higher following an in-line Q1 and reiteration of full year guide, the firm says in a research note on Friday. Following improved organic growth, deleveraging, and initiation of a dividend, the targets reinforce Berry’s commitment to be viewed as a more "normal" Packager that can close the valuation gap with peers, Citi adds.