RBC Capital Downgrades Berry Global Gr to Sector Perform, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Arun Viswanathan downgraded Berry Global Group (BERY) from Outperform to Sector Perform and reduced the price target from $72 to $62.
March 15, 2024 | 8:56 am
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Berry Global Group was downgraded by RBC Capital from Outperform to Sector Perform, with a price target reduction from $72 to $62.
The downgrade by a prominent analyst could lead to a negative perception among investors, potentially causing a short-term decline in BERY's stock price. The reduction in the price target further emphasizes a less optimistic outlook on the company's valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100