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Fly News Breaks for June 27, 2017
BMS
Jun 27, 2017 | 05:03 EDT
Barclays analyst Scott Gaffner upgraded Bemis to Overweight saying the company's shift from transformation to a self-funded turnaround brings the potential for "meaningful" share upside. The analyst sees Q2 as the trough for earnings with resin headwinds abating, second half of 2017 volumes accelerating and turnaround initiatives beginning to materialize. He raised his price target for the shares to $54 from $43.
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