Truist analyst Michael Roxland lowered the firm’s price target on Berry Global (BERY) to $72 from $74 and keeps a Hold rating on the shares after the company announced plans to merge with Amcor (AMCR). The deal is primarily predicated on complementary products and greater market access in regions currently underpenetrated, along with greater opportunities for innovation, R&D, and sustainability, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BERY:
- Berry Global price target raised to $70 from $59.67 at Baird
- BofA moves to No Rating on Berry Global following Amcor merger announcement
- Walmart higher, Lowe’s lower after earnings: Morning Buzz
- Morning Movers: Walmart jumps following quarterly results
- Berry Global sees FY25 adjusted EPS $6.10-$6.60