Analyst Stefan Diaz from Morgan Stanley maintained a Hold rating on Berry Global Group (BERY – Research Report) and keeping the price target at $72.00.
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Stefan Diaz has given his Hold rating due to a combination of factors regarding Berry Global Group’s recent performance and future outlook. Despite the company’s F1Q25 earnings surpassing expectations, with EBITDA of $378 million compared to a consensus of $368 million, the overall growth was modest. The reported organic volume growth of 2% and a favorable price/cost spread contributed to this earnings beat. However, these factors were not substantial enough to warrant a more positive rating.
Furthermore, Berry Global Group’s reiterated guidance for F2025 adjusted EPS remains within the range of $6.10 to $6.60, aligning with market estimates of $6.28. The expected merger with AMCR, anticipated to close by mid-2025, adds an element of uncertainty to the investment outlook. These considerations, along with the company’s current market position and valuation, led Stefan Diaz to maintain a Hold rating, suggesting that investors may want to wait for more definitive indicators of growth before making significant investment decisions.
In another report released on January 23, RBC Capital also maintained a Hold rating on the stock with a $73.00 price target.