Citigroup Reiterates Neutral on Pactiv Evergreen, Maintains $8 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Anthony Pettinari has reiterated a Neutral rating on Pactiv Evergreen (NASDAQ:PTVE) and maintained a price target of $8.

July 11, 2023 | 2:43 pm
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NEUTRAL IMPACT
Citigroup analyst Anthony Pettinari has reiterated a Neutral rating on Pactiv Evergreen and maintained a price target of $8.
As the analyst's employer, Citigroup's reputation in the market could be influenced by the accuracy of their analysts' predictions. However, as this is a reiteration of a previous rating, it is unlikely to have a significant impact on Citigroup's stock in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Citigroup has reiterated a Neutral rating on Pactiv Evergreen and maintained a price target of $8.
The reiteration of a Neutral rating by Citigroup indicates that the analyst does not see any significant upside or downside in the short term for Pactiv Evergreen. The maintained price target of $8 also suggests that the analyst believes the stock is fairly valued at its current price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100