Wells Fargo Maintains Overweight Rating for Berry Global Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Berry Global Gr (NYSE:BERY) but lowered its price target from $78.00 to $74.00. Berry Global Gr's shares are trading up 4.48% over the last 24 hours, at $66.05 per share. A move to $74.00 would account for a 12.04% increase from the current share price.
August 10, 2023 | 5:00 pm
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Wells Fargo has maintained its Overweight rating for Berry Global Gr but lowered its price target. This could potentially lead to increased investor confidence, but the lower price target may also cause some concern.
The news of Wells Fargo maintaining its Overweight rating for Berry Global Gr indicates a positive outlook for the company. However, the lowering of the price target from $78.00 to $74.00 may cause some investors to reassess their positions, potentially leading to short-term volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100