Pactiv Evergreen Inc. (NASDAQ:PTVE) stock Posted Gross Margin of 12.10 percent in Last Year: Is Justifiable?

Citigroup lowered the price target for the Pactiv Evergreen Inc. (NASDAQ:PTVE) stock from ‘a Buy’ to ‘a Neutral’. The rating was released on May 23, 2023, according to finviz. We previously noted in another research note published on May 06, 2023 by RBC Capital Mkts that upgraded the stock from a Sector perform to an Outperform with a price target of $13 for PTVE stock. The research report from BofA Securities has downgraded the stock from Buy to Neutral, with a price target set at $13. The stock was upgraded by Deutsche Bank, who disclosed in a research note on December 20, 2021, from Hold to Buy and set the price objective to $15.