BofA moved to No Rating on Berry Global (BERY) given the stock is no longer trading on fundamentals after Amcor (AMCR) and Berry announced an all-stock combination in which Berry shareholders will receive 7.25 Amcor shares for each Berry share held.
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Read More on BERY:
- Walmart higher, Lowe’s lower after earnings: Morning Buzz
- Morning Movers: Walmart jumps following quarterly results
- Berry Global sees FY25 adjusted EPS $6.10-$6.60
- Berry Global reports Q4 adjusted EPS $2.27, consensus $2.25
- Berry Global Group Merges with Amcor for Market Expansion
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
