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 $74.00 to $64.00. Berry Global Gr is a leading global supplier of plastic packaging products. The company's shares are currently trading at $56.91, and a move to $64.00 would represent a 12.46% increase.
October 19, 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 a short-term increase in the stock price.
The maintained Overweight rating indicates that Wells Fargo believes BERY's stock will outperform the market, which could attract investors. However, the lowered price target may reflect a more conservative outlook on the company's future performance. This could lead to increased trading activity and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100