Canaccord analyst Brian McNamara raised the firm’s price target on Reynolds Consumer Products to $29 from $28 and keeps a Hold rating on the shares. The firm said they reported a relatively in-line Q4 with sales of $1.01bn, a touch ahead of both Canaccord and consensus and the target was raised on higher profitability estimates.
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Read More on REYN:
- A New Cause for Concern: Reynolds Consumer Products Inc Adds a New Accounting & Financial Operations Risk
- Reynolds Consumer Products reports Q4 EPS 65c, consensus 62c
- Reynolds Consumer Products price target raised to $29 from $28 at JPMorgan
- Reynolds Consumer Products price target raised to $27 from $25 at Barclays
