2021-11-04 13:21:07 PTVE Pactiv Evergreen
11/04/21 11/0413:21 11/04/2113:21 | BofA double upgrades Pactiv Evergreen to Buy after earningsBofA analyst George Staphos upgraded Pactiv Evergreen to Buy from Underperform with a price target of $18, up from $13, after the company's Q3 results, which were "about in-line with or slightly below" his and Street forecasts. While noting that "clearly there are challenges," Staphos said he was encouraged by what he heard on price and cost, the progress the company is making in improving operations in the Beverage Merchandising segment, and the fact that fiber- and plastic-based products are growing. |
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