Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/4/2024 | $76.00 | Equal-Weight | Morgan Stanley | |
4/16/2024 | $68.00 → $65.00 | Outperform → Neutral | Robert W. Baird | |
3/27/2024 | $75.00 → $68.00 | Buy → Hold | Truist | |
3/15/2024 | $72.00 → $62.00 | Outperform → Sector Perform | RBC Capital Mkts | |
3/1/2024 | Peer Perform | Wolfe Research | ||
1/16/2024 | $89.00 | Buy | UBS | |
10/20/2023 | Mkt Perform | Raymond James | ||
5/24/2023 | $69.00 → $73.00 | Hold → Buy | Truist |
Berry Global Group, Inc. (NYSE:BERY) announced today that James T. Glerum, Jr. has been appointed to its Board of Directors. Glerum, age 64, retired as Vice Chairman, Investment Banking at Citigroup in July 2024. Prior to joining Citigroup in 2011, Mr. Glerum held senior leadership positions in investment banking at UBS and Credit Suisse in Chicago and New York City. Over his 40-year investment banking career, Mr. Glerum executed more than 325 corporate finance and strategic transactions with an aggregate value of over $500 billion. Mr. Glerum's clients spanned multiple industry sectors, including manufacturing, healthcare, consumer and retail. Mr. Glerum serves on the board of trustees f
CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), and Berry Global Group, Inc. (NYSE:BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter. As previously disclosed, upon closing of the transaction, the combined company will be renamed Magnera Corporation ("Magnera"). The Magnera board of directors ("Magnera Board") will consist of nine directors, with five directors designated by Be
~ Received Required Antitrust Regulatory Clearances and IRS ruling for Announced Merger ~~ Achieved Meaningful Year-over-Year EBITDA Improvement ~ 2024 Second Quarter Highlights: Generated net sales of ~$329 million and a GAAP net loss from continuing operations of $15.8 millionDelivered $25.6 million of Adjusted EBITDA, an $8.3 million increase over Q2 2023Achieved increased EBITDA over Q2 2023 in Composite Fibers and Spunlace by $4.9 million and $3.4 million, respectively, offset by lower EBITDA in Airlaid Materials by $2.3 million CHARLOTTE, N.C., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported fi
Morgan Stanley initiated coverage of Berry Global with a rating of Equal-Weight and set a new price target of $76.00
Robert W. Baird downgraded Berry Global from Outperform to Neutral and set a new price target of $65.00 from $68.00 previously
Truist downgraded Berry Global from Buy to Hold and set a new price target of $68.00 from $75.00 previously
Berry Global Group, Inc. (NYSE:BERY) and Glatfelter Corporation (NYSE:GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh'), a global leader in the specialty materials industry.
UBS analyst Joshua Spector maintains Berry Global Gr (NYSE:BERY) with a Buy and lowers the price target from $89 to $77.
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
SC 13D/A - Glatfelter Corp (0000041719) (Subject)
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~ Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company ~ James M. Till to serve as Executive Vice President, Chief Financial Officer & Treasurer ~ Tarun Manroa to serve as Executive Vice President, Chief Operating Officer CHARLOTTE, N.C., April 11, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, in anticipation of the previously announced proposed merger of the majority of Berry Global's Health, Hygiene, and Specialties segment to include its Global Nonwovens and Films ("HHNF") business with Glatfelter, is pleased to announce today key leadership appointments, in
CHARLOTTE, N.C., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today announced that Mr. Lee C. Stewart has resigned from the Company's Board of Directors, effective September 25, 2023, citing reasons unrelated to the Company for his departure. The Company noted that this resignation is not related to Glatfelter's operations, financial reporting or controls, or personal conduct. "On behalf of Glatfelter's Board of Directors and our management team, we thank Lee for his longstanding service and deep commitment to the Company," said Mr. Thomas Fahnemann, President and Chief Executive Officer. "We greatly appreciate th
Tom Salmon to Remain in Advisory Role Through Year-End Stephen Sterrett, Lead Independent Director, Named Chairman of the Board Berry Global Group, Inc. (NYSE:BERY) ("Berry" or the "Company"), a leading supplier of packaging solutions for consumer goods and industrial products, today announced that its Board of Directors (the "Board") has unanimously elected Kevin Kwilinski as Chief Executive Officer of Berry, effective October 2, 2023. In connection with this appointment, the Board has elected Stephen Sterrett, Lead Independent Director, as Chairman of the Board, also effective on October 2, 2023. As previously announced in February 2023, Tom Salmon will retire from his roles as CEO an
S-4/A - Glatfelter Corp (0000041719) (Filer)
8-K - BERRY GLOBAL GROUP, INC. (0001378992) (Filer)
425 - BERRY GLOBAL GROUP, INC. (0001378992) (Filed by)
~ Received Required Antitrust Regulatory Clearances and IRS ruling for Announced Merger ~~ Achieved Meaningful Year-over-Year EBITDA Improvement ~ 2024 Second Quarter Highlights: Generated net sales of ~$329 million and a GAAP net loss from continuing operations of $15.8 millionDelivered $25.6 million of Adjusted EBITDA, an $8.3 million increase over Q2 2023Achieved increased EBITDA over Q2 2023 in Composite Fibers and Spunlace by $4.9 million and $3.4 million, respectively, offset by lower EBITDA in Airlaid Materials by $2.3 million CHARLOTTE, N.C., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported fi
Third Quarter Highlights GAAP: Net sales of $3.2 billion; Operating income of $303 million; Earnings per share of $1.65 Non-GAAP: Operating EBITDA of $546 million; Adjusted earnings per share of $2.18 (up 16% vs PY) Third quarter volume and earning results in-line with expectations; +2% organic volume growth Continued progress in portfolio optimization; HHNF spin/merger on track Fiscal 2024 outlook: Adjusted EPS of $7.60 and free cash flow of $800-$900 million Kevin Kwilinski, Berry's CEO said, "Our strong financial results in the quarter were consistent with our expectations and our teams executed very well. Notably, we achieved a 2% increase in overall organic volumes, w
Berry Global Group, Inc.'s (NYSE:BERY) board of directors today declared a quarterly cash dividend of $0.275 per share. The payment date is September 17, 2024, to stockholders of record as of September 3, 2024. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 40,000 global employees across more than 250 locations, we partner with cust
3 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - Glatfelter Corp (0000041719) (Issuer)
4 - Glatfelter Corp (0000041719) (Issuer)