UPDATE: Citigroup Reiterates Berry Plastics Group at Buy on Deleveraging and Cash Generation

Citigroup reiterated its Buy rating and $18 price target on Berry Plastics Group (NYSE: BERY ) following solid quarter results. Citigroup noted, "BERY's Fiscal 4Q saw solid EBITDA growth (13% Y/Y) and cash generation ($159mm) despite a 2% decline in sales, helping the company to pay down debt ($113mm).