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UPDATE: Credit Suisse Initiates Berry Plastics Group at Outperform on Valuation, Outlook

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Credit Suisse initiated coverage on Berry Plastics Group (NYSE: BERY) with an Outperform rating and a $20 price target.

Credit Suisse commented, "We favor Berry given (1) the company's strong and stable FCF profile; (2) discounted valuation relative to peers; (3) attractive margins and profitability metrics; (4) ability to leverage its unique product portfolio breadth across plastic packaging, which continues to gain share as a substrate; and (5) a promising product pipeline that could generate additional upside. Moreover, Berry has a strong track record generating value via M&A/synergy realization, and future consolidation opportunities remain robust in what remains a fragmented competitive landscape."

Berry Plastics Group closed at $13.88 on Monday.

Latest Ratings for BERY

DateFirmActionFromTo
May 2015BMO CapitalDowngradesOutperformMarket Perform
Apr 2015CitigroupMaintainsBuy
Mar 2015BarclaysMaintainsOverweight

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Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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