Mizuho Securities analyst Edlain Rodriguez has maintained their neutral stance on BERY stock, giving a Hold rating on February 4.
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Edlain Rodriguez has given his Hold rating due to a combination of factors impacting Berry Global Group’s financial outlook. Despite the company reporting slightly better than expected first-quarter results, with a 4% year-over-year increase in EBITDA, the FY25 EBITDA guidance was reduced by 2%. This trimming of projections reflects a cautious stance on future earnings potential, even though the company maintained its EPS guidance.
Additionally, while Berry Global experienced a modest improvement in overall volume, with a 2% increase driven by gains in emerging markets and the North American food and beverage sector, there were some challenges in the Flexibles segment, which saw a slight decline. The ongoing transaction with Amcor also adds uncertainty, as Berry’s stock price will be influenced by Amcor’s stock price fluctuations. These elements combined with a stable price target of $72, indicate a balanced view of potential risks and opportunities, justifying the Hold rating.
In another report released on February 4, Morgan Stanley also maintained a Hold rating on the stock with a $72.00 price target.