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Fly News Breaks for August 3, 2015
BERY
Aug 3, 2015 | 08:19 EDT
Goldman downgraded Berry Plastics to Neutral from Conviction Buy and lowered its price target to $35 from $42 following the Q3 miss and the announcement of the Avintiv acquisition. The firm said the deal diverts Berry away from its previous stated goal of deleveraging in the near-term.
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