Berry Global Group (BERY) PT Raised to $69 at Mizuho

Mizuho analyst John Roberts raised the price target on Berry Global Group (NYSE: BERY) to $69.00 (from $65.00) while maintaining a Neutral rating.

THe analyst commented: "We expect BERY to report JunQ (F3Q) EBITDA/EPS of $546M/$2.07 (in line with Bloomberg consensus of $548M/$2.07). We anticipate flattish-to-positive volume growth this quarter (the first since SepQ21). No change to our estimates and Neutral rating, but we tweak our price target to $69 from $65 to reflect volume inflection. Our price target represents ~7.3x our forward NTM+1 (Q5-Q8E) EBITDA of $2.15B."

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