Reynolds Consumer Products price target raised to $28 from $25 at RBC Capital

RBC Capital raised the firm’s price target on Reynolds Consumer Products (REYN) to $28 from $25 and keeps a Sector Perform rating on the shares. The company delivered another quarter of better-than-expected results in Q3 that were accompanied by a guidance raise, and the firm is giving the management team credit for managing through a tough environment effectively while taking the steps needed to position the company for further improvement, the analyst tells investors in a research note.