Wells Fargo Starts Berry Plastics Group (BERY) at Outperform

Wells Fargo initiates coverage on Berry Plastics Group (NYSE: BERY) with a Outperform and $16-$18 valuation range.

The firm comments, "We are establishing FY2013, FY2014 and FY2015 EPS estimates of $1.15, $1.40, and $1.65, respectively. Additionally, we are initiating a FQ1 2013 EPS estimate of $0.14. Our valuation range of $16-18 reflects meaningful upside potential from de-leveraging and earnings growth over the next 12-18 months."

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 $13.65 yesterday.

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