Reynolds Consumer Products Downgraded to Sector Perform From Outperform

RBC Capital analysts downgraded Reynolds Consumer Products Inc. (NASDAQ:REYN) to Sector Perform from Outperform with a price target of $30.

The analysts believe the pandemic has created a shift in consumer behavior leading to elevated food at home supporting the company's top line and ultimate profit recovery. While the analysts acknowledge the potential for moderate upwards EPS revisions if the company accelerates its profitability improvement, they now see more modest room for share price upside. The analysts now view the company’s risk/reward as appropriately balanced.