Citigroup Maintains Neutral Rating for Pactiv Evergreen: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Pactiv Evergreen PTVE and raise its price target from $8.00 to $9.00.

Shares of Pactiv Evergreen are trading up 1.52% over the last 24 hours, at $8.66 per share.

A move to $9.00 would account for a 3.93% increase from the current share price.

About Pactiv Evergreen

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.