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BERY

Berry Plastics

$45.94

-0.39 (-0.84%)

08:33
11/29/16
11/29
08:33
11/29/16
08:33

Berry Plastics sees FY17 adjusted free cash flow $550M

"Looking forward to next year we will continue our focus on reducing our net debt to adjusted EBITDA ratio by 0.5 or greater to below 4 on or before the end of fiscal 2017. Additionally we are anticipating and excited for the close of our acquisition of AEP and believe together with our Engineered Materials Division, will create an impressive packaging film producer serving the North American market," stated the company. "We anticipate our fiscal year 2017 adjusted free cash flow to be $550 million, after deducting the $60 million payment made in October 2016 under the Company's tax receivable agreement. These estimates assume, solely for projection purposes, that the acquisition of AEP is completed on February 1, 2017. These estimates also assume flat working capital, constant currency rates as of the end of September, and no significant change in short term interest rates. Additionally, our capital spending and cash interest costs are forecasted to be $315 million and $275 million, respectively, for fiscal 2017. Within our adjusted free cash flow guidance, we are also assuming other cash taxes of $80 million, primarily related to international jurisdictions, and other cash uses of $60 million related to items such as acquisition integration expenses and costs to achieve synergies."

  • 29

    Nov

BERY Berry Plastics
$45.94

-0.39 (-0.84%)

08/26/16
BARD
08/26/16
NO CHANGE
Target $55
BARD
Outperform
Berry Plastics price target raised to $55 from $48 at Baird
Baird raised its price target on Berry Plastics (BERY) to $55 from $48 following its merger announcement with AEP Industries (AEPI). The firm sees AEP as a logical fit with low risk synergies and a critical mass in flexible packaging. Baird reiterated its Outperform rating on Berry Plastics shares.
08/29/16
FBCO
08/29/16
NO CHANGE
FBCO
Berry Plastics acquisition 'attractive,' says Credit Suisse
Credit Suisse analyst Lars Kjellberg believes that Berry Plastics' (BERI) acquisition of AEP Industries (AEP) is "attractive." The analyst notes that the deal is immediately accretive and "leverage positive." He thinks that both of these attributes will create value for shareholders. The analyst raised his price target on Berry to $59.50 from $52 and keeps an Outperform rating on the stock.
09/13/16
JPMS
09/13/16
INITIATION
Target $54
JPMS
Overweight
Berry Plastics initiated with Overweight, added to Focus List at JPMorgan
JPMorgan analyst Tyler Langton started Berry Plastics with an Overweight rating and $54 price target. The analyst added the shares to his firm's Analyst Focus List. Langton expects the stock's valuation gap relative to peers to narrow as the company pays down debt, demonstrates margins sustainability and benefits from Avintiv's higher growth rates.
10/13/16
JEFF
10/13/16
INITIATION
Target $52
JEFF
Buy
Berry Plastics initiated with a Buy at Jefferies
Jefferies analyst Philip Ng started Berry Plastics with a Buy rating and $52 price target. The stock's discount to pees should narrow as the company de-levers and returns cash back to shareholders, Ng tells investors in a research note. The analyst believes Berry shares could rally 41%.

TODAY'S FREE FLY STORIES

P

Pandora

$13.22

-0.36 (-2.65%)

11:51
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Pandora looks to country music to boost subscription aspirations, WSJ says »

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  • 22

    Feb

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GPC

Genuine Parts

$98.26

-2.41 (-2.39%)

11:49
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  • 21

    Feb

TRVN

Trevena

$7.13

0.1 (1.42%)

11:47
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Recommendations
Trevena analyst commentary  »

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PRGO

Perrigo

$84.36

-0.11 (-0.13%)

11:46
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  • 27

    Feb

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GPC

Genuine Parts

$98.41

-2.26 (-2.25%)

11:46
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Breaking Hot Stocks news story on Genuine Parts »

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  • 21

    Feb

AMAT

Applied Materials

$35.67

0.49 (1.39%)

11:46
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11:46
Options
Applied Materials call volume above normal and directionally bullish »

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  • 27

    Feb

DISCA

Discovery

$28.68

0.11 (0.39%)

11:45
02/21/17
02/21
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11:45
Conference/Events
Discovery management to meet with Jefferies »

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  • 21

    Feb

11:45
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General news
Breaking General news story  »

Philadelphia Federal…

EFX

Equifax

$129.38

-0.76 (-0.58%)

11:42
02/21/17
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11:42
Conference/Events
Equifax to hold a webcast »

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GPC

Genuine Parts

$98.46

-2.2124 (-2.20%)

11:41
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Breaking Hot Stocks news story on Genuine Parts »

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  • 21

    Feb

MDLZ

Mondelez

$42.50

-0.7 (-1.62%)

, KHC

Kraft Heinz

$96.65

9.37 (10.74%)

11:38
02/21/17
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11:38
Hot Stocks
Mondelez takeover speculation lifts shares as Kraft walks from Unilever »

Shares of Mondelez (MDLZ)…

MDLZ

Mondelez

$42.50

-0.7 (-1.62%)

KHC

Kraft Heinz

$96.65

9.37 (10.74%)

UL

Unilever; also tag UN

$44.54

-3.99 (-8.22%)

UN

Unilever; also tag UL

$44.77

-4.025 (-8.25%)

BRK.A

Berkshire Hathaway

$254,021.52

1183.52 (0.47%)

BRK.B

Berkshire Hathaway

$169.35

0.78 (0.46%)

GIS

General Mills

$60.68

1.45 (2.45%)

K

Kellogg

$74.17

1.27 (1.74%)

CPB

Campbell Soup

$58.60

0.12 (0.21%)

CL

Colgate-Palmolive

$73.15

1.17 (1.63%)

KMB

Kimberly-Clark

$133.18

1.25 (0.95%)

CLX

Clorox

$134.98

1.27 (0.95%)

HSY

Hershey

$108.33

1.08 (1.01%)

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  • 21

    Feb

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    Mar

11:38
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General news
6-Month Bill Auction Bid/Cover data reported »

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6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

11:37
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General news
3-Month Bill Auction Bid/Cover data reported »

3-Month Bill Auction…

11:37
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General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

, QSR

Restaurant Brands

$57.55

3.65 (6.77%)

11:36
02/21/17
02/21
11:36
02/21/17
11:36
Downgrade
Popeyes, Restaurant Brands rating change  »

Popeyes downgraded to…

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

QSR

Restaurant Brands

$57.55

3.65 (6.77%)

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  • 21

    Feb

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    Mar

HLF

Herbalife

$61.22

-0.01 (-0.02%)

11:36
02/21/17
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11:36
Options
Herbalife put volume heavy and directionally bearish »

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  • 23

    Feb

GPC

Genuine Parts

$99.10

-1.57 (-1.56%)

11:32
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Genuine Parts sees FY17 automotive, industrial sales up 3%-4% »

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  • 21

    Feb

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General news
The Bund/T-note spread continued to widen to -212 bp »

The Bund/T-note spread…

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

, AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

11:27
02/21/17
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11:27
Hot Stocks
Breaking Hot Stocks news story on Felcor Lodging, Ashford Hospitality »

Felcor: Company, Ashford…

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

03/08/13
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  • 21

    Feb

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    Feb

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

, AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

11:26
02/21/17
02/21
11:26
02/21/17
11:26
Hot Stocks
Breaking Hot Stocks news story on Felcor Lodging, Ashford Hospitality »

Felcor Lodging says has…

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 21

    Feb

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    Feb

COP

ConocoPhillips

$48.37

0.86 (1.81%)

11:26
02/21/17
02/21
11:26
02/21/17
11:26
Options
ConocoPhillips call volume above normal and directionally bullish »

Bullish option flow…

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  • 06

    Mar

FCH

Felcor Lodging

$7.87

0.64 (8.85%)

, AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

11:25
02/21/17
02/21
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02/21/17
11:25
Hot Stocks
Felcor Lodging confirms unsolicited offer from Ashford Hospitality »

FelCor Lodging Trust…

FCH

Felcor Lodging

$7.87

0.64 (8.85%)

AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

03/08/13
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03/06/13
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  • 21

    Feb

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    Feb

11:25
02/21/17
02/21
11:25
02/21/17
11:25
Conference/Events
CFA Society of Philadelphia to hold a luncheon meeting »

Luncheon Meeting where…

11:25
02/21/17
02/21
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Conference/Events
Federal Reserve Bank of Philadelphia President speaks on economic outlook »

Philadelphia Federal…

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