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Fly News Breaks for August 22, 2019
BERY
Aug 22, 2019 | 07:00 EDT
Goldman Sachs analyst Brian Maguire reinstated coverage of Berry Global following the recent completion of the RPC acquisition with a Buy rating and $52 price target. Following the pullback since Berry reported disappointing Q3 earnings and gave worse than expected FY20 EBITDA guidance, Maguire finds the stock's valuation attractive and sees clear catalysts over the next year, he stated.
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