Information Provided By:
Fly News Breaks for November 21, 2017
BERY
Nov 21, 2017 | 07:39 EDT
SunTrust analyst Jason Freuchtel raised his price target on Berry Global to $69 and kept his Buy rating after strong Q4 results showed better than expected free cash flows. Freuchtel says he expects the company to continue to drive higher FCF due to inorganic earnings contribution and synergy capture. The analyst also speculates that Berry Global could initiate a dividend payout in 2018 as well as announce more acquisitions in addition to the recent Clopay deal.