Truist raised the firm’s price target on Berry Global to $74 from $68 and keeps a Hold rating on the shares as part of a broader research note previewing Q3 results for Packaging & Paper/Forest Products. The sector saw better containerboard demand and stable pricing, uneven boxboard demand and mixed pricing depending on substrate, and mixed wood products pricing, with single-family construction being in the early stages of a recovery, the analyst tells investors in a research note. Beverage can demand also remained steady with better growth out of Europe and South America, Truist added.
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Read More on BERY:
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- Berry Global Upsizes Offering to Fund Glatfelter Merger
- Berry Global, Glatfelter announces proposed offering of senior secured notes
- Berry Global Issues Notes for Glatfelter Merger Financing
- Berry Global initiated with a Hold at Spin-Off Research
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