TSC Ratings' Updates: Pactiv

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

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For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall research.

The following ratings changes were generated on Aug. 21.

Pactiv(PTV Quote) was upgraded from hold to buy. Pactiv engages in the manufacture and sale of consumer and specialty-packaging products for the consumer and foodservice/food packaging markets in the U.S. and internationally. The upgrade is driven by a few notable strengths in the company: its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.