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Fly News Breaks for February 4, 2019
BERY
Feb 4, 2019 | 07:49 EDT
UBS analyst Edlain Rodriguez believes Berry Global remains on track to raise its guidance as the current EBITDA and free-cash flow guidance has yet to reflect the November and December resin costs decline. He believes free cash flow will benefit and noted the company re-affirmed its outlook, is still on track for positive volume inflection in the second half of the year, is proceeding with its stock buyback plan, and has an attractive current valuation. Rodriguez reiterated his Buy rating and $62 price target on Berry Global shares.
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