Shares of plastic packaging firm Berry Global Group are attractive and can rally more than 30% from here, according to Goldman Sachs.
Analyst Adam Samuelson raised his price target on Berry Global Group, while maintaining a buy rating on the stock, saying shares continue to remain attractive on the strength of the company's free cash flow profile even after a mixed earnings report .
Berry Global Group on Tuesday beat profit expectations with fiscal fourth-quarter earnings of $2.19 per share, compared to consensus expectations of $2.15 per share, according to FactSet estimates.
The company announced that its board has approved the payment of a 25 cents per share quarterly dividend.
The analyst's $71 price target, raised from $68, is 34% above where shares closed on Tuesday.