Mizuho Maintains Neutral Rating for Berry Global Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has maintained its Neutral rating for Berry Global Group Inc (NYSE:BERY) but lowered its price target from $74.00 to $65.00. Berry Global's shares are currently trading down 0.4% at $56.48. The new price target suggests a potential 15.08% increase from the current share price. Berry Global is a leading supplier of plastic packaging products, with the majority of its revenue coming from its consumer packaging international segment.
February 08, 2024 | 5:00 pm
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Mizuho maintains Neutral rating on Berry Global Group Inc but lowers price target from $74 to $65. Shares are down 0.4% at $56.48, with the new target indicating a 15.08% potential upside.
The adjustment in price target by Mizuho, despite maintaining a Neutral rating, suggests a cautious but optimistic outlook on Berry Global's stock. The potential 15.08% upside indicates that Mizuho sees growth potential in Berry Global, albeit with a conservative stance. The slight decrease in share price reflects immediate market reaction, but the new price target suggests room for growth. Investors may view this adjustment as a signal to reassess Berry Global's stock, potentially leading to short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100