Morgan Stanley analyst Stefan Diaz maintains $Berry Global Group (BERY.US)$ with a hold rating, and adjusts the target price from $76 to $72.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of -9.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Berry Global Group (BERY.US)$'s main analysts recently are as follows:
Following the announcement of the impending merger with Amcor, analysts noted that this acquisition seems to be complementary. Berry Global's robust closures business and significant presence in North America and Europe complement Amcor's strong positioning in the healthcare and rigid packaging sectors, as well as its broader reach in Asia and Latin American markets.
The firm updated its estimates following Berry Global's Q4 earnings report, which aligned with the announcement of their merger with Amcor.
Note:
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