Robert W. Baird Reaffirms Their Buy Rating on Berry Plastics (BERY)


Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on Berry Plastics (NYSE: BERY) today and set a price target of $60. The company’s shares closed on Friday at $48.02, close to its 52-week low of $45.60.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 13.8% and a 75.0% success rate. Panjabi covers the Consumer Goods sector, focusing on stocks such as Graphic Packaging, RPM International, and Silgan Holdings.

Currently, the analyst consensus on Berry Plastics is a Strong Buy with an average price target of $60.67, a 26.3% upside from current levels. In a report issued on July 28, CFRA also maintained a Buy rating on the stock with a $57 price target.

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The company has a one-year high of $61.71 and a one-year low of $45.60. Currently, Berry Plastics has an average volume of 1.61M.

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Berry Global Group, Inc. engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following business segments: Consumer Packaging; Health, Hygiene & Specialties; and Engineered Materials.

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