Truist initiated coverage of Berry Global (BERY) with a Buy rating and $85 price target
Firm started the packaging sector and six names within the broader industry with “a constructive bias.” The firm cites Berry’s end-markets, free cash flow, and upcoming capital return for its positive view.
Piper Sandler initiated coverage of Dow Inc. (DOW) with an Overweight rating and $78 price target. The firm called the stock’s valuation attractive, and said it expects to see the company take advantage in the future as increasing free cash flow will allow for some growth initiatives, further opportunistic debt reduction and share repurchase at least in line with dilution.