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Fly News Breaks for September 15, 2015
ATR
Sep 15, 2015 | 07:08 EDT
BofA/Merrill analyst George Staphos upgraded AptarGroup to Buy from Neutral and increased his price target to $76 from $70 on shares. Staphos believes AptarGroup has the opportunity to grow the Food & Beverage and Pharma segments by double digit percentages and said its project backlog is relatively strong given conversions to dispensing products and broader dispensing category growth. The analyst views AptarGroup as an attractive investment for its diversification and counter-cyclicality, in addition to its moderate cost reductions.
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