Jefferies Raises price Target on Berry Plastics Group (BERY) to $59

November 30, 2016 8:49 AM EST
Get Alerts BERY Hot Sheet
Price: $51.67 +1.27%

Rating Summary:
    12 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Jefferies reiterated a Buy rating on Berry Plastics Group (NYSE: BERY), and raised the price target to $59.00 (from $52.00), following the company's 4Q earnings report.

Analyst Philip Ng commented, "BERY is on track to grow FCF >60% in FY16-FY18E as it integrates Avintiv and AEP, and with mgmt. taking a conservative approach to guidance, we believe there is upside to guidance. With mgmt. laser-focused on hitting its leverage targets in FY17, it should help bridge the valuation gap with peers, and we reiterate our Buy rating."

For an analyst ratings summary and ratings history on Berry Plastics Group click here. For more ratings news on Berry Plastics Group click here.

Shares of Berry Plastics Group closed at $49.94 yesterday.

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