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Fly News Breaks for April 7, 2019
BMS
Apr 7, 2019 | 19:22 EDT
BMO Capital analyst Mark Wilde downgraded Bemis (BMS) to Market Perform from Outperform, with a $52 price target, as the Amcor's (AMCRY) purchase of the company is going through the final stages of regulatory review and is scheduled to close on May 15. With Amcor and Bemis's stocks trading close to the acquisition ratio of 5.1 Amcor shares for every share of Bemis, the analyst believes Bemis appears fully valued.
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