Berry Global initiated with a Peer Perform at Wolfe Research

Wolfe Research initiated coverage of Berry Global (BERY) with a Peer Perform rating as part of a broader research note on Chemicals, Agriculture and Packaging names. The management’s willingness to reduce leverage, buy back shares and streamline the portfolio make Berry worth monitoring, the analyst tells investors in a research note. Glatfelter (GLT) deal should disappoint the bulls, though the core thesis is going in the right direction, Wolfe added.