Citigroup Maintains Buy on Pactiv Evergreen, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari maintains a Buy rating on Pactiv Evergreen (PTVE) but lowers the price target from $16 to $15.

March 04, 2024 | 1:12 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Pactiv Evergreen but lowers the price target from $16 to $15.
While the reduction in price target from $16 to $15 by Citigroup could suggest a slightly less optimistic view on PTVE's short-term price potential, the maintenance of a Buy rating indicates a continued positive outlook on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on PTVE's stock price as investors weigh the lowered price target against the reaffirmed confidence in the stock's overall potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100