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Fly News Breaks for August 29, 2016
AEPI, BERY
Aug 29, 2016 | 07:36 EDT
Credit Suisse analyst Lars Kjellberg believes that Berry Plastics' (BERI) acquisition of AEP Industries (AEP) is "attractive." The analyst notes that the deal is immediately accretive and "leverage positive." He thinks that both of these attributes will create value for shareholders. The analyst raised his price target on Berry to $59.50 from $52 and keeps an Outperform rating on the stock.
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