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

November 30, 2016 8:49 AM EST
Get Alerts BERY Hot Sheet
Price: $50.48 +0.46%

Rating Summary:
    12 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 33 | New: 11
Trade BERY Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co, Earnings

Add Your Comment