Truist raised the firm’s price target on Berry Global (BERY) to $76 from $74 and keeps a Hold rating on the shares. The company’s Q1 Consumer Packaging International and Flexibles outperformed relative to the firm’s model, while Consumer Packaging North America was below estimates, the analyst tells investors in a research note. The company remains focused on cost reduction / self-help initiatives including the lean transformation, asset efficiency, preventative and predictive maintenance, and potential further plant consolidation, the firm added.
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