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home / news releases / PTVE - Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends

PTVE - Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends

Pactiv Evergreen Inc.

2024-03-21 09:58:26 ET

Summary

  • I upgrade my rating for Pactiv Evergreen stock from neutral to buy due to early signs of demand recovery and successful cost reduction efforts.
  • PTVE's 4Q23 revenue fell, but EBITDA improved, indicating margin expansion. The stock price dropped due to a weak FY24 EBITDA guide.
  • Risks include potential missteps in the restructuring program.

Summary

For further details see:

Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends
Stock Information
Company Name: Pactiv Evergreen Inc.
Stock Symbol: PTVE
Market: NASDAQ
Website: pactivevergreen.com
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