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Fly News Breaks for January 8, 2016
WRK, GPK, BMS
Jan 8, 2016 | 08:28 EDT
Citi analyst Anthony Pettinari upgraded Bemis to Buy saying company-specific catalysts should drive share outperformance in 2016. Margin expansion and the company's free cash flow improvement goals should drive the outperformance, Pettinari tells investors in a research note. He raised his price target for Bemis to $51 from $48. His top three Paper & Packaging picks, in order of preference, are Graphic Packaging (GPK), Bemis and WestRock (WR). Barclays this morning upgraded Bemis to Equal Weight.
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